Sizing up Circuit City's space
August 25, 2009 04:45PM By Lynne Miller
The former Circuit City space in Union Square
From the August issue: Finding new tenants for many of Circuit City's old stores is proving to
be a challenge for the brokers and landlords who are marketing sites in
Manhattan and Brooklyn.
After filing for bankruptcy at the end of last year, the
electronics giant announced in January that it was going out of
business, and by March it had shuttered all 567 of its stores
nationwide, including nearly a dozen in New York.
Now, five months after that shutdown, four sites in Manhattan and three in Brooklyn remain vacant.
The spaces formerly occupied by Circuit City, which entered the New
York market in 1997 and was one of a number of national mega-retailers
to go belly up this year, are something of a case study of the New York
City retail market.
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