Real Estate Weekly
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Retail

CVS takes 12,000 s/f at 757 Third

RFR Realty LLC announced that retailer CVS Health has signed a lease for 12,204 s/f at 757 Third Avenue.

757 Third Avenue
757 Third Avenue

The retailer took space on the ground floor corner and basement of the building — space previously occupied by Wells Fargo Bank and RCN.

The new CVS Health lease required both a temporary and permanent relocation of RCN. RCN will temporarily move to RFR’s 275 Madison Avenue until its permanent location is ready for occupancy.

“The major interior and exterior capital improvements completed at the building have made it very attractive to office and retail tenants,” said Jordan Claffey, RFR’s head of retail leasing, who handled the transaction.

“CVS Health will be a great amenity for tenants in 757 Third Avenue, as well as a welcome convenience to the neighborhood in general.”

JASON PRUGER
JASON PRUGER

Capital improvements at the building began in 2012 and included the installation of new retail storefronts and refinishing of the building façade.

Newmark Grubb Knight Frank’s Jason Pruger represented CVS with Ross Kaplan and Trever Gallina. Jeffrey Roseman, also of Newmark Grubb Knight Frank, represented RFR.

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