Brack Capital sells Union Square retail space for over $57M

New York /
Jan.January 24, 2011 03:04 PM

15 Union Square West, and CBRE’s Bill Shanahan and Darcy StacomBrack Capital Real Estate USA has sold the retail portion of its residential development at 15 Union Square West in New York City to the State Teachers Retirement System of Ohio, or STRS, for $57.88 million, the company announced today. The retail space consists of four retail stores on the first, mezzanine and cellar floors of the building, totaling 14,494 square feet. Three of the spaces are currently leased — one to HSBC Bank, one to Lululemon Athletica, and another to Sketchers. The remaining space, comprising approximately 3,860 square feet on 15th Street, is currently available for rent. CB Richard Ellis’ Bill Shanahan and Darcy Stacom represented Brack Capital in the sale. “This sale indicates the strength of Union Square as one of the city’s best places to live, shop and work, and is a strong testament to 15 Union Square West’s iconic location and lasting value,” said Issac Hera, CEO of Brack Capital. TRD

 

Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty)
Retail real estate continues climb, reaches record low availability
Retail real estate continues climb, reaches record low availability
(Illustration by The Real Deal; Getty)
Just 2 percent of US office market slotted for conversion
Just 2 percent of US office market slotted for conversion
CBRE's Emma Giamartino and CBRE's Bob Sulentic (CBRE, Twitter / CBRE, Getty)
CBRE plans layoffs, $400M in cost reductions
CBRE plans layoffs, $400M in cost reductions
KPMG's Paul Knopp, Brookfield Properties’ Brian Kingston and 2 Manhattan West (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Linkedin, Brookfield Properties)
TRD Pro: Manhattan’s 10 biggest office leases in August
TRD Pro: Manhattan’s 10 biggest office leases in August
Michael Remer and Richard Hodos (JLL, Getty)
Top retail broker Richard Hodos jumps from CBRE to JLL
Top retail broker Richard Hodos jumps from CBRE to JLL
From left: VTS CEO Nick Romito and CBRE CEO Bob Sulentic (VTS, CBRE, Getty Images)
VTS raises $125M in CBRE-led funding round
VTS raises $125M in CBRE-led funding round
From left: CBRE's Daniel Kaplan and William Shanahan along with 231 East 76th Street and 340 East 52nd Street (Google Maps, CBRE, LinkedIn/Daniel Kaplan)
TRD Pro: Here are NYC’s top portfolio deals of the quarter
TRD Pro: Here are NYC’s top portfolio deals of the quarter
A photo illustration of Alexander Wang and a rendering of the Fulton Market Building (Getty Images, SHoP Architects)
TRD Pro: New York City’s biggest retail leases of July
TRD Pro: New York City’s biggest retail leases of July
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...