Jennifer Furniture inks lease for nearly 10K sf at 655 Sixth Avenue

Most of the sale space will be underground

New York /
May.May 16, 2017 08:34 AM

Jennifer Furniture has inked a lease for nearly 10,000 square feet at 655 Sixth Avenue — most of which is underground.

Most of the “affordable” furniture store’s new 8,500-square-foot space will be below grade, the New York Post reported. The store will only have 900 square feet at street level. Below-grade stores are fairly common for larger stores, but Jennifer needed some convincing from broker Jonathan Burke, of J.W. Burke & Company.

“Jonathan showed Jennifer’s team [menswear store] DXL Destination a few blocks away to show them how viable a basement selling space is,” Jack Laboz, co-principal of United American Land, which owns part of the building, told the Post.

The landmarked building, known as the O’Neill Building, was built in 1897. UAL owns the retail condo portion of the property, which spans 15,000 square feet. There are luxury apartments on the upper floors.

Jennifer’s new store is expected to open July 4 weekend and will replace a smaller Jennifer’s store at 902 Broadway. Asking rent for the lower level of the space was $60 per square foot. [NYP]Kathryn Brenzel


Related Articles

arrow_forward_ios
Freshly CEO Michael Wystrach and 28 East 28th Street (Photos via Twitter; Google Maps)
Freshly inks big lease in NoMad
Freshly inks big lease in NoMad
From left: Isaac Zion with JMC Holdings' Matthew Cassin (left) and David Taylor (right) (Photos via SL Green; JMC)
Former SL Green exec Isaac Zion joins Acram Group
Former SL Green exec Isaac Zion joins Acram Group
(Photo illustration by The Real Deal)
Inside mall owner Namdar’s rapid growth story
Inside mall owner Namdar’s rapid growth story
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Gov. Andrew Cuomo (Getty)
Industry reacts to Cuomo’s proposed commercial eviction ban
Industry reacts to Cuomo’s proposed commercial eviction ban
Merchants Hospitality Inks Club Deal at Cachet Hotel (Google Maps, Playboy Club)
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
Nightlife veteran John Blair inks deal for Hell’s Kitchen club
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
arrow_forward_ios

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

Loading...