---
title: "Retailer Marshalls to Open 31K-SF Store at Liberty Bklyn"
url: https://burnaze.com/article/640b06ec-4994-4e50-936c-df079acee250
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/05/marshalls-retail-lease-liberty-bklyn/
author: "Edavis"
category: "Specialty retail"
industry: "Retail"
segment: "Specialty retail"
topics: ["Development & multi-unit"]
published: 2026-05-20T17:28:20.000Z
modified: 2026-10-31T13:16:20.155Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/05/Ryan-Buoye-Lee-Block-Jeff-Winick-Liberty-Bklyn-850-3rd-Ave-BK-credit-Kidfly182_cc-by-SA-4.0-via-Wikimedia-Commons.jpg?quality=80&resize=1200%2C630&strip=
---

# Retailer Marshalls to Open 31K-SF Store at Liberty Bklyn

**TL;DR:** Marshalls has signed a 10-year lease for a 31,470-square-foot ground-floor space at Liberty Bklyn in Sunset Park, Brooklyn. The off-price retailer secured the space at 850 Third Avenue, a mixed-use complex owned by Madison Capital and Salmar Properties.

*By Edavis, originally published in Commercial Observer on 2026-05-20. [Read the original](https://commercialobserver.com/2026/05/marshalls-retail-lease-liberty-bklyn/).*

## Story

**Marshalls** has taken up a 10-year tenancy at **Liberty Bklyn**.

The off-price retailer secured 31,470 square feet of ground-floor space at **Madison Capital** and **Salmar Properties**’ **850 Third Avenue** in Sunset Park, Brooklyn, according to a Wednesday announcement from the landlords.

The transaction leaves the retail component of the eight-story, 1.3 million-square-foot mixed-use complex fully leased up.

“Securing a high-quality retailer like Marshalls at 850 Third Avenue underscores the strength of Liberty Bklyn as a premier location for retail, industrial and office tenants,” **Ryan Buoye**, vice president at Madison Capital, said in a statement.

**Ripco Real Estate**’s **Esther Bukai** represented Marshalls, while **RTL**’s **Lee Block** and **Jeff Winick** negotiated on behalf of ownership.

“Marshalls recognized the unique opportunity to establish a flagship presence within one of Brooklyn’s fastest-evolving commercial corridors,” Bukai said in a statement. “850 Third Avenue offers exceptional visibility, strong surrounding demographics, and immediate access to both a growing residential population and an expanding workforce.”

The parties did not disclose the asking rent for the decade-long lease, but the asking rent for an industrial lease there reported by Commercial Observer in early 2025 totalled $24 per square foot.

The waterfront destination between 30th and 32nd streets has attracted a diverse array of tenants since Salman first purchased the asset for $11 million in 2011. Recent deals include a 15,000-square-foot lease for the production facility of boba tea chain **Xing Fu Tang**, as well as a 19,000-square-foot office deal for New York City’s **Administration for Children’s Services**.

In addition to large floor plates and warehouse spaces, the building features a 3.2-acre rooftop farm and a 386-space parking lot.

A spokesperson for Marshalls did not immediately respond to a request for comment.

Keywords: 850 Third Avenue, Esther Bukai, Jeff Winick, Lee Block, Liberty Bklyn, Ryan Buoye, Madison Capital, Marshalls, Ripco Real Estate, RTL, Salmar Properties

## Entities

- Retail (sector)
- store opening (topic)
- Commercial Observer (publication)
- retail expansion (topic)
- lease agreement (topic)
- Marshalls (company)
- Ripco Real Estate (company)
- Liberty Bklyn (location)
- Madison Capital (investor)
- Salmar Properties (investor)
- Ryan Buoye (person)
- Esther Bukai (person)

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Originally reported by Edavis, Commercial Observer (https://commercialobserver.com/2026/05/marshalls-retail-lease-liberty-bklyn/). Summarized by Burnaze (https://burnaze.com/article/640b06ec-4994-4e50-936c-df079acee250).