Walgreens moves up at Empire State Building

New York /
Aug.August 23, 2011 10:40 AM

Walgreens has swapped its 10,000 square-foot store on the ground-floor concourse of the Empire State Building for the same amount of space on the second floor, the New York Post reported. The new space will have a dedicated entrance for visitors to the building’s observatory, who can pop in on their way back to street level.

Malkin Holdings, which has been attempting to bring New York’s most iconic tower back to its glory days since 2006, will convert the former former drugstore space into a fitness center exclusively for building tenants.

“I talked to Walgreens over 18 months ago. I told them, ‘There’s a vacant Chase bank branch right above you, and 4 million people a year from the observatory walk right by it,” said President Anthony Malkin. “Now the Walgreens people are really pumped up about it.” 

Meanwhile, Malkin said there is still 500,000 square feet available at the tower, much of it in a single block of 250,000 square feet. [Post, 2nd item]


Related Articles

arrow_forward_ios
A Walgreens and Duane Reade location at 322 8th Ave (Google Maps)
Walgreens, Duane Reade to sublease 16 stores
Walgreens, Duane Reade to sublease 16 stores
Tony Malkin (Getty)
Empire State Realty Trust lost $20M in Q2
Empire State Realty Trust lost $20M in Q2
Anthony Malkin, president of the Empire State Realty Trust, sounded off on working from home, police protests and a socially distanced Observatory. (Getty, iStock)
Tony Malkin on looting, unions and Empire State Building reopening
Tony Malkin on looting, unions and Empire State Building reopening
Tony Malkin of Empire State Realty Trust (Getty)
Tony Malkin is shaking things up at Empire State Realty Trust
Tony Malkin is shaking things up at Empire State Realty Trust
From left: Empire State Building, 111 Eighth Avenue and 100 Park Avenue (Credit: Taconic Partners, SL Green) 
Office landlords finding out which tenants are paying up during lockdown
Office landlords finding out which tenants are paying up during lockdown
Joseph Scharf (Credit: Linkedin)
Empire State Building’s flex-office location shutting down
Empire State Building’s flex-office location shutting down
Empire State Realty Trust CEO Anthony Malkin and the Empire State Building (Photo by Roy Rochlin/Getty Images)
A third of Empire State Realty Trust tenants sought rent relief: Q1 report
A third of Empire State Realty Trust tenants sought rent relief: Q1 report
Starbucks is bringing a high-concept store to a giant triplex at the base of the Empire State Building (Illustration by The Real Deal)
Starbucks signs big lease at base of Empire State Building
Starbucks signs big lease at base of Empire State Building
arrow_forward_ios

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

Loading...