These were the top 10 NYC retail leases in July

AMC signed the biggest retail lease in NYC last month; restaurants dominated the list otherwise

TRD New York /
Aug.August 05, 2019 07:00 AM
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

July was a good month for New York City’s restaurant scene with food halls, dumpling houses and ramen shops securing four of the spots on this list. However, the largest lease last month by a large margin was inked by a movie theater.

July’s 10 biggest retail leases totaled 177,600 square feet, up 13,000 square feet from June’s total of 164,600 square feet. The largest retail lease in July was inked in Penn Plaza.

The total is slightly more than that of this time last year. In July of 2018, the top 10 largest retail leases totaled 171,900 square feet, 5,700 square feet fewer than last month’s total.

1) AMC Theatres, 312 West 34th Street, Penn Plaza – 95,341 square feet
The multilevel movie theater renewed its 15-year lease for 95,341 square feet of space at 312 West 34th Street. The building’s landlord is SL Green Realty. AMC’s neighbors at the building include Dunkin’ Donuts and Chipotle.

2) KFF, 218 West 40th Street, Garment District – 22,927 square feet
The Korean food hall signed a multilevel lease for 22,927 square feet of space at 218 West 40th Street. Young Byunn of Winick Realty Group represented the tenant, while Brian Neugeboren, Nicole Goetz and Bob Savitt of Savitt Partners represented the landlord, 218 West 40th Associates.

3) Ulta Beauty, 2 Herald Square, Penn Plaza – 12,040 square feet
The beauty retailer inked a lease for a 12,040 square-foot flagship store at 2 Herald Square. The space was formerly occupied by H&M. Patrick Breslin and Kenny Yip of Colliers International represented the tenant, and Ariel Schuster, Ross Berkowitz, Jason Wecker and Mitch Heifetz of RKF represented the landlord, SL Green Realty.

4) Magic Moments Academy, 639 Classon Avenue, Crown Heights – 11,500 square feet
The daycare center signed a lease for 11,500 square feet of former co-working space at 639 Classon Avenue. The lease marks Magic Moments Academy’s second location. James Monteleone of All Points Real Estate represented both the tenant and the landlord, Green Pacific Realty.

5) Wonder World NYC, 61 North 9th Street, Williamsburg – 8,000 square feet
The popup art exhibit inked a lease for 8,000 square feet of space at 61 North 9th Street. The lease marks the immersive exhibit’s return to NYC after a stint in run in Los Angeles. Jacob Twena of Tri State Commercial Realty represented the tenant. Shlomi Bagdadi and Avi Akiva of Tri State Commercial Realty represented the landlord, 61 North 9th LLC.

6) Venn City, 10-22 Wyckoff Avenue, Ridgewood – 7,975 square feet
The co-living space signed a lease for 7,975 square feet of space at 10-22 Wyckoff Avenue. Peter Schubert, Abbie Cheng and Bill Strassman of TerraCRG represented both the tenant and the landlord, 10-22 Wyckoff LLC.

7) Brunello Cucinelli, 50 Gansevoort Street, West Village – 6,100 square feet
The Italian fashion brand inked a lease for 6,100 square feet of space at 50 Gansevoort Street. The brand is one of three high-end clothing retailers to recently sign leases at the building. Joel Isaacs of Isaacs and Company represented the landlords, Aurora Capital and William E. Gottlieb Real Estate.

8) Nan Xiang Xiao Long Bao, One Fulton Square, Flushing – 5,113 square feet
The dumpling house signed a 10-year lease for 5,113 square feet of space at One Fulton Square. The restaurant is moving to the new space from its original location which is only steps away. The owners announced that the original location would be shutting its doors only a month before the new lease was announced. F&T Group represented the landlord in house.

9) Calle Ocho, 2756 Broadway, Upper West Side – 4,400 square feet
The restaurant signed a lease for 4,400 square feet of space at 2756 Broadway, relocating from its longtime home at 45 West 81st Street. Jarrett Sharp and Gage Sharp of Murro Realty represented both the tenant and the landlord, Michael Rose.

10) Momosan Ramen & Sake, 76 Saint Marks Avenue, Park Slope – 4,173 square feet
Iron Chef Masaharu Morimoto’s restaurant and ramen shop signed a 10-year lease for 4,173 square feet of space at 76 Saint Marks Avenue. Jason Richter of Capricorn Retail Advisors represented the tenant, while RKF represented the landlord, RedSky Capital.


Related Articles

arrow_forward_ios
Ricky's at 830 Broadway (Credit: NYC Go)

Ricky’s, iconic NYC beauty shop, faces
more closures

Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

When it comes to retail, “real estate in New York is fundamentally broken”
Mall of San Juan (Taubman)

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Taubman’s $475M Mall of San Juan gets “knocked out” after reopening
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
Right to left: 831, 835 and 837 Madison Avenue (Google Maps)

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate

“The ’57 Chevy in that old lady’s garage”: Madison Avenue buildings up for sale in litmus test for retail real estate
Lord & Taylor and Men’s Wearhouse are just the latest big retail chains to file for bankruptcy (Lord and Taylor by Bruce Bennett/Getty Images; Men's Warehouse by Scott Olson/Getty Images)

Lord & Taylor, Men’s Wearhouse file for bankruptcy

Lord & Taylor, Men’s Wearhouse file for bankruptcy
Banana Republic CEO Mark Breitbard and Tishman Speyer CEO Rob Speyer (Breitbard by Neilson Barnard/Getty Images for GQ; Speyer by Drew Angerer/Getty Images; Banana Republic via Google Maps)

Banana Republic sues to stay in Rockefeller Center

Banana Republic sues to stay in Rockefeller Center
Brookfield's Ric Clark (Getty)

Brookfield, creditors reach deal on REIT’s $6.4B credit facility

Brookfield, creditors reach deal on REIT’s $6.4B credit facility
arrow_forward_ios

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

Loading...