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New York

ABS to lease Lower Broadway properties

Real estate brokerage and investment firm ABS Partners Real Estate was tapped to lease a total of 48,500 square feet of retail space within four properties on Lower Broadway in Soho.

The locations, all south of Canal Street, are two, two-story buildings at 355 Broadway and 353 Broadway; a 25-story building at 401 Broadway; and a five-story building at 372 Broadway.

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The properties have a total rental value of $3.4 million, the firm said, or about $70 per square foot.

The space is entirely vacant except for a small store at 401 Broadway that is expected to be vacated shortly, said Anand Melwani, an associate at ABS, who is representing 372 Broadway. TRD