The top 10 NYC retail leases in May

TRD New York /
Jun.June 05, 2018 05:00 PM

Clockwise from left: 609 Fifth Avenue, 731 Lexington Avenue, 520 Second Avenue (Credit: Vornado Realty Trust)

May’s top 10 retail leasing deals were just over half of April’s in terms of square footage.

The 10 biggest retail lease deals signed last month totaled just over 165,000 square feet, down 145,000 square feet from April’s total of over 310,000 square feet. The largest retail lease in April was inked in Hell’s Kitchen.

1) Puma, 609 Fifth Avenue, Plaza District – 24,000 square feet

The German Sportswear brand inked a 15-year lease for 24,000 square feet of retail space at 609 Fifth Avenue. Steve Soutendijk, Michael O’Neill, Jason Greenstone, Alan Schmerzler and Sean Moran of Cushman & Wakefield represented the landlord, SL Green Realty.

2) Target, 520 Second Avenue, Kips Bay – 21,000 square feet

The discount retailer signed a lease for 21,000 square feet at 520 Second Avenue, making for its eighth Manhattan retail location. Richard Skulnik, Peter Ripka and Andrew Mandell of Ripco Real Estate represented the tenant, while Peter Braus, Richard Kave and JP Sutro of Lee & Associates represented the landlord, Blackstone Group.

3) Aqua Restaurant Group, 731 Lexington Avenue, Plaza District – 18,750 square feet

The London-based restaurant group inked a lease for 18,750 square feet of retail space at 731 Lexington Avenue, the former Le Cirque. Michael Hirschfeld, Brian Hirschfeld, Paul Berkman and Davie Berke of JLL represented the tenant. The landlord of the building is Vornado Realty Trust.

4) New York University School of Medicine, 74 Kent Street, Greenpoint – 16,679 square feet

The university signed a lease for a 16,679 square foot physical therapy and imaging center at 74 Kent Street. Paul Wexler and Josef Yadgarov of Corcoran Group represented the tenant. Bernard Weitzman, Eric Cagner and Ryan Gessin of Newmark Knight Frank represented the landlord of the building, Caerus Group.

5) City Fresh Market, 608 Franklin Avenue, Crown Heights – 16,175 square feet

The market inked a 30-year lease for 16,175 square feet of retail space at 608 Franklin Avenue. Victor Angelillo and Rick Ocasio of VIP Realty represented the tenant. Harrison Balisky and Mac Posner of EXR represented the landlord, AYM.

6) Joel Robuchon, 100 East 53rd Street, Plaza District – 14,500 square feet

The chef signed a lease for a 14,500 square foot restaurant over two stories at 100 East 53rd Street. The Hospitality House represented both the tenant and the landlord, RFR Realty.

7) Feld Entertainment; Universal Brand Development, 218 West 57th Street, Midtown West – 12,000 square feet

The attraction, based around the 2016 Trolls movie, inked a lease for 12,000 square feet of retail space at 218 West 57th Street. Grant Dunn and Joshua Strauss of RKF represented the tenant. The building is owned by General Growth Properties and Thor Equities.

8) Chick-fil-A, 711 Lexington Avenue, Plaza District – 12,000 square feet

The restaurant chain signed a lease for 12,000 square feet of retail space at 711 Lexington Avenue. Jeremy Ezra, Richard Gelber and Bradley Some of RKF represented the tenant. Brett Weinblatt of Solil Management represented the landlord in house.

9) Coty, 719 Seventh Avenue, Times Square – 10,040 square feet

The beauty product maker inked a 10-year lease for 10,040 square feet of retail space at 719 Seventh Avenue. Ariel Schuster, Ross Berkowitz, Mitch Heifetz and Jason Wecker of RKF represented the landlord, SL Green Realty.

10) German School Manhattan, 74 Warren Street, Tribeca – 10,000 square feet

The school signed a lease for 10,000 square feet of retail space at 74 Warren Street. Gavin Hammon of Compass represented the tenant. David Graff, Jake Velazquez and Rachel Rainaldi of Compass represented the landlord, Mark Jaffe.

10) Restoration Hardware, 34 34th Street, Sunset Park – 10,000 square feet

The furniture giant inked a lease for a 10,000 square foot outlet store at 34 34th Street, Industry City, Sunset Park. Jeff Lagowitz of Savills Studley represented the tenant. The building is owned by Belvedere Capital, Jamestown and Angelo Gordon & Co.

Clarification: An earlier version of this article did not include the tenant’s brokers and brokerage for the lease at 218 West 57th Street, the landlord’s brokers and brokerage for the lease at 719 Seventh Avenue, or the brokerage for the lease at 100 East 53rd Street. They have now been added.

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