Foot Locker shoots and scores at 440 Broadway

TRD New York /
Jun.June 03, 2013 06:00 PM

Sport apparel retailer Foot Locker is slipping on a shiny new pair of kicks and shuffling down to Thor Equities’ 440 Broadway from 541 Broadway, Real Estate Weekly reported. The store signed a 9,000-square-foot net lease for two above-ground levels and a lower level.

ABS Partners Real Estate represented the tenant in the deal. The terms of the lease were not available. The building is located between Howard and Grand streets.

“Soho is one of the most prestigious shopping districts in the world, and we are seeing top-tier retailers compete for their dream spaces up and down lower Broadway — and 440 is making the best of the best,” said Thor CEO Joe Sitt in a statement. “Foot Locker is an ideal match.”

The reason for such activity on this stretch of Broadway has to do with pricing, according to Mark Tergesen of ABS’ retail leasing team.

“The rising rents and high demand for retail space on Broadway north of Broome has resulted in increased activity further south on Broadway towards Canal Street,” he said in a statement. [REW]Zachary Kussin

Related Articles

93 North 9th Street in Williamsburg, Thor Equities' Joe Sitt, and a KAWS statue (Credit: Google Maps and Jim Bowen via Flickr)

Acclaimed artist KAWS pays $17M to expand Williamsburg studio

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Thor Equities' Joe Sitt and a closeup of 545 Madison Avenue (Credit: Google Maps)

Thor Equities loses 545 Madison Avenue

Alderman Brendan Reilly (Credit: iStock)

The Chicago condo deconversion craze is dying

Clockwise from left: 270 Richards Street in Brooklyn, 72-01 Queens Boulevard in Queens, and 2069 Bruckner Boulevard in the Bronx (Credit: Thor Equities, Azimuth)

The top 10 biggest real estate projects coming to NYC

Joe Sitt and 1725 Shore Parkway in Bensonhurst (Credit: Google Maps)

Thor sells Bensonhurst big-box store for $75M

545 Madison Avenue and Thor Equities CEO Joe Sitt (Credit: Google Maps)

Thor Equities on the verge of losing another building in Manhattan

AOC unveils rent regulation plan, Hong Kong real estate stocks are sinking: Daily digest

AOC unveils rent regulation plan, Hong Kong real estate stocks are sinking: Daily digest