The Real Deal New York

Macy’s grows to 197,000 SF at 1440 Broadway

December 11, 2012 10:30AM

Macy’s will expand its footprint at 1440 Broadway Near 40th Street, by 31,700 square feet, Monday Properties,the building’s owner, announced today, according to the New York Observer. This is the third expansion the 150-year old retailer has undergone in the building in two years, bring its total occupied space up to 197,000 square feet and giving it the complete 10th and 25th floors of the building.

Macy’s also extended its 11-year lease on the sixth, seventh, eighth, ninth and 13th floors of the 743,000-square-foot building.

“It’s been really organic, steady growth for Macy’s,” Brian Robin, executive vice president and COO of Monday Properties.

CBRE vice chairmen Scott Gottlieb and Michael Laginestra represented the Macy’s, while Monday Properties Director Jordan Berger represented his firm.

Monday Properties is currently marketing the entire second floor of 1440 Broadway. [NYO]Christopher Cameron