Target takes 35K sf at 1865 Broadway

Retailer will occupy the base of AvalonBay's new tower

New York /
Oct.October 29, 2018 06:00 PM

Target CEO Brian Cornell and 1865 Broadway (Credit: CityRealty and Getty Images)

AvalonBay Communities has convinced Target to anchor the retail at its new mixed-use tower in Columbus Circle.

The retailer signed a lease for 35,000 square feet at the base of AvalonBay’s 1865 Broadway, according to a statement.

JLL’s Patrick Smith, Matt Ogle, Corey Zolcinski and Erin Grace represented AvalonBay. Ripco Real Estate’s Richard Skulnik represented Target.

The 172-unit residential building has 67,000 square feet of retail space spanning four levels. JLL is the exclusive leasing agent for that commercial space.

The building is slated to open in the first quarter of 2019. AvalonBay purchased 1865 Broadway for $300 million in 2015. The location previously was home to the American Bible Society’s headquarters.

Earlier this year, reports said AvalonBay was looking to offload seven Manhattan buildings in areas including Morningside Heights and Chelsea. The was amid rising apartment prices in the city — and as the firm expands in Brooklyn. That includes a partnership with Muss Development on 1 Brooklyn Bay, a 28-story, 275,000-square-foot mixed-use project at 1524 Sheepshead Bay Road.


Related Articles

arrow_forward_ios
270 W Montauk Hwy, Hampton Bays, NY (Loopnet)
Legendary Hampton Bays bar up for sale
Legendary Hampton Bays bar up for sale
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Aulder Capital CEO Jonah Bamberger and 162-164 East 82nd Street (Rosewood Realty Group, Slate Property Group)
Two Upper East Side apartment buildings head to foreclosure sale
Two Upper East Side apartment buildings head to foreclosure sale
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
arrow_forward_ios

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

Loading...