Real Estate Weekly
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Retail

Republic Bank takes Union Square corner

RFR announced that Republic First Bancorp signed a 15-year retail lease at 90 Fifth Avenue.

The lease agreement totals 7,748 s/f, including 3,920 s/f on the ground floor and 3,828 s/f on the lower level of the 140,000 s/f property, which is located at the corner of Fifth Avenue and West 14th Street.

Jordan S. Claffey, Executive Vice President of RFR Realty and Head of Retail, represented RFR, along with Daniel Richman, Jay Gilbert and Jansen Hafen of SRS Real Estate Partners. Jeffrey Roseman of Newmark Knight Frank acted on behalf of the tenant.

“RFR is thrilled to welcome Philadelphia-based Republic Bank to 90 Fifth Avenue,” said Claffey. “They’re growing in select markets with a focus on prominent, highly-trafficked corners throughout New York, and we’re excited to have played a key role in their expansion plans.”

Republic First Bancorp is a Philadelphia-based bank creating a major commercial and retail bank with a distinct brand, focused on innovation and customer satisfaction.

90 Fifth Avenue serves as the headquarters for Compass, which occupies more than 100,000 s/f at the property, as well as AltSchool’s Manhattan location and TD Bank.

The property is adjacent to Union Square Park surrounded by restaurants, shops and off-Broadway productions.

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