J. Philip Commercial Group Brokerage of Westchester County completed the sale of 72 Alexander Street in the city of Yonkers for $1.25 million. The Fondak Family, new owners of the property, plan to convert the 10,000+ sq. ft. industrial warehouse facility into a beer distribution center and taphouse tasting room. With plans for a future event space and restaurant, the new establishment will be named Chicken Island Brewing.
The waterfront in Yonkers is booming right now,” said Jennifer Maher, selling broker for J.Philip Commercial Group. “Thanks to strategic marketing campaigns supported by Mayor Spano, both businesses and residents, particularly the coveted millennial generation, are taking a second look at the city to live, work and play. The timing and opportunity for Chicken Island Brewing to establish itself in Yonkers couldn’t be better,” added Maher.
Co-owner and Brewmaster, Andy Fondak says, “The Yonkers location is the perfect storm for us. Craft breweries have always thrived in areas ripe for revitalization. They bring communities together, and our brewery is no different.”
With the local government focusing on revitalizing the downtown waterfront area, Fondak believes his brewery will make a positive contribution to those efforts. “The specific building we are planning to renovate is in a great location with outdoor seating potential next to the Metro North Hudson line and views of the Palisades and Hudson River across the street. We are grateful to Jennifer Maher and J. Philip Commercial Group for helping us find and close on this ideal property. The location is easy to get to. Only a 5-minute walk from the Metro North Yonkers station or a quick drive from northern Bronx, will put you right in front of our doors. All of these factors made the choice very apparent — 72 Alexander Street will be the perfect spot for Chicken Island Brewing.”