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

TRD 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


Fifth Avenue takes another hit: Tommy Hilfiger is leaving its flagship

With huge refi, Moinian to take complete control of 3 Columbus Circle

By the numbers: Fifth Avenue’s pricey retail rents have prompted luxury retailers to flee the tony stretch

Thor Equities is in a very precarious position at 597 Fifth

Versace joins slew of retailers leaving
Fifth Avenue

Gap to close Fifth Avenue location next year

Manhattan’s turbulent leasing market, Brooklyn’s bubble and more of the biggest trends in CRE right now

PHOTOS: Inside Moinian’s 2018 holiday bash