The Real Deal New York

Dick’s Sporting Goods store backs out of Herald Square deal

September 26, 2012 11:45AM

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From left: Anthony Malkin and 1333 Broadway

Dick’s Sporting Goods has backed out of a fully negotiated deal to lease 56,000 square feet at 1333 Broadway from Anthony Malkin’s Malkin Holdings, the New York Post reported.

The asking rent at the building, also known as 3 Herald Square, is roughly $112 per square foot and $300 per square foot on the ground floor, the Post said.

The sporting goods retailer had also checked out 3 Columbus Circle — owned by SL Green and Joseph Moinian — which has 29,000 square feet of space available, for its first Manhattan store, as The Real Deal previously reported.

Dick’s has been expanding over the past few years. As of July, Dick’s totaled 490 stores across 44 states and has plans to open an additional 38 locations this year alone.

Company executives and SRS Real Estate Partners’ Patrick Smith, who has represented Dick’s in its search for space, declined to comment to the Post. SL Green declined to comment on its negotiations with Dick’s. [Post, 1st item]

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