The top 10 NYC retail leases in January

TRD New York /
Feb.February 16, 2018 07:00 AM

Clockwise from left: 505 Eighth Avenue, 128 West 34th Street, and 3100 Ocean Avenue in Brooklyn.

January’s 10 biggest retail leasing deals were much smaller than December’s in terms of square footage.

The 10 biggest retail lease deals signed last month totaled 95,000 square feet, down about 84,000 square feet from last month’s total of 179,000 square feet. The largest retail lease in January was inked in deep Brooklyn. Here’s the full list:

1) Net Cost Market, 3100 Ocean Avenue, Sheepshead Bay – 35,000 square feet

The market inked a lease for 35,000 square feet of retail space at 3100 Ocean Avenue. Jason Gerbsman of HUDSON represented the tenant, while Jerry Welkis of Welco Realty represented the landlord, Norse Realty.

2) Tailor’s Inn, 505 Eighth Avenue, Midtown – 12,700 square feet

The Irish restaurant and bar concept inked a lease for 12,700 square feet at 505 Eighth Avenue. Allen Gurevich of GFP Real Estate represented the landlord in-house.

3) Absolute New York, 128 West 34th Street, Midtown South – 10,000 square feet

The cosmetics company signed a lease for 10,000 square feet of retail space at 128 West 34th Street, to be used as the company’s flagship retail location. Lee Block and Spencer Bowers of Winick Realty Group represented the tenant, while Marc Leber and Jeffrey Roseman of Newmark Knight Frank represented the landlord, Stahl Organization.

4) Chase Bank, 180 Bedford Avenue, Williamsburg – 8,000 square feet

The bank inked a lease for 8,000 square feet of retail space at 180 Bedford Avenue in hipster village. Thor Equities is the landlord of the building.

5) Church Street School for Music and Art, 41 White Street, Tribeca – 8,000 square feet

The nonprofit music and arts school signed a 15-year lease for 8,000 square feet at 41 White Street. Peter Braus of Lee & Associates NYC represented the tenant, while Andrew Stern of RKF represented the landlord, Benchmark Real Estate Group.

6) Cafe Metro, 240-246 West 35th Street, Midtown – 5,181 square feet

The fast-casual restaurant chain inked a 12-year lease for 5,181 square feet of retail space at 240-246 West 35th Street. Stu Morden and Lucas Kooyman of Newmark Knight Frank represented the tenant, while John Cinosky of ATCO Brokerage Services represented the landlord, ATCO Properties & Management.

7) Kinder Prep Childcare, 49 Broadway, Williamsburg – 4,952 square feet

The daycare signed a 20-year lease for 4,952 square feet of retail space at 49 Broadway. The asking rent was $60 per square foot. Keat Chew, Harrison Balisky and Aaron Lee of EXR represented the landlord, Broadway Prop, as well as the tenant.

8) PINK by Victoria Secret, 429 Broadway, Soho – 4,415 square feet

The apparel chain inked a pop-up lease for 4,415 square feet of retail space at 429 Broadway. Lee Block of Winick Realty Group represented both the tenant and the landlord, A.J.D. Building.

9) Nirvanna Designs, 1701 Broadway, Midtown – 3,400 square feet

The hats and accessories store signed a for 3,400 square feet of retail space at 1701 Broadway. Patty Holmstrom of Winick Realty Group represented the tenant and the landlord, Britannia 54th Holdings.

10) Anani Group, 918 Seneca Avenue, Ridgewood – 3,000 square feet

The coffee shop inked a 5-year lease for 3,000 square feet of retail space at 918 Seneca Avenue. Josh Augenbaum of Augenbaum Realty represented the tenant and the landlord, MLM Partners.


Related Articles

arrow_forward_ios
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate
The Martinique hotel (Wikipedia, Google Maps)

Operator of Martinique Hotel in Manhattan files for bankruptcy

Operator of Martinique Hotel in Manhattan files for bankruptcy
CEO Mark Tritton and 410 East 61st Street (Getty, Google Maps)

Bed Bath & Beyond will permanently close UES store

Bed Bath & Beyond will permanently close UES store
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
With about $23 billion of hotel-related CMBS loans in forbearance, more lenders are looking to offload those mortgages. (iStock)

Hotel industry is in trouble and more lenders want out

Hotel industry is in trouble and more lenders want out
arrow_forward_ios

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

Loading...