NBA to open store in Joseph Moinian’s 545 Fifth Avenue

Retail and entertainment space will span roughly 24,000 square feet across two floors

New York /
Nov.November 12, 2014 08:30 AM

The National Basketball Association is moving into a sprawling new space at 545 Fifth Avenue.

The first floor of the nearly 24,000-square-foot space in the Moinian Group-owned building has 76 feet of frontage along Fifth Avenue,  as well as 80 feet on East 45th Street, according to the New York Post. The second floor has 149 feet of frontage on East 45th, which is a commuter side street that leads to Grand Central Terminal. A Starbucks That Is Currently Located On The Fifth Avenue Side of the building will have to be moved to East 45th Street, the newspaper reported.

Newmark Grubb Knight Frank reportedly represented the NBA.

The NBA store has been located at 590 Fifth Avenue since 2011. The move there came after the league scored a $15.2 million pay out for its former location at 666 Fifth Avenue . The NBA had occupied that space since 1997. [NYP, 1st] — Claire Moses


Related Articles

arrow_forward_ios
Diamond District building sold for $101M
Diamond District building sold for $101M
Diamond District building sold for $101M
MAC Cosmetics has made four of its closed New York City locations available to sublease. (Google Maps)
MAC wants to sublease 4 NYC stores
MAC wants to sublease 4 NYC stores
Gucci at Trump Tower (Getty)
Gucci renews lease in Trump Tower
Gucci renews lease in Trump Tower
From left: Ralph Lauren and Michael Shvo with 711 Fifth Ave. (Getty, Shvo Organization)
Ralph Lauren, Shvo Group feuding over Fifth Ave sublease
Ralph Lauren, Shvo Group feuding over Fifth Ave sublease
Joseph Moinian and the NBA Store at 545 Fifth Ave. (Google Maps, iStock)
NBA owes Moinian $7.5M in rent for Fifth Ave store
NBA owes Moinian $7.5M in rent for Fifth Ave store
Retail rents in Manhattan hit new lows at the end of 2020, but prices have been dropping steadily for the past five years. (Getty; iStock)
Manhattan retail rents hit new lows
Manhattan retail rents hit new lows
More businesses have opened than shut on Park Slope’s Fifth Avenue. Inset: Mark Caserta, head of the corridor’s business improvement district (Photos via Google Maps; LinkedIn)
Why these retailers opened in midst of pandemic
Why these retailers opened in midst of pandemic
The Crown Building (iStock)
Chopard moving flagship to Fifth Avenue
Chopard moving flagship to Fifth Avenue
arrow_forward_ios

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

Loading...