The United States Postal Service has signed an agreement to occupy 8,440 s/f of retail space at 333 East 14th Street, announced The Feil Organization.
The Peter Stuyvesant branch of the U.S.P.S. inked the 10-year sublease for the space, which is located at the base of the residential building on 14th Street and First Avenue, and will occupy 6,940 s/f t on the ground floor and 1,500 s/f of basement.
It is a relocation of the Postal Service’s existing 432 East 14th Street branch, according to Randall Briskin, vice president of Leasing at The Feil Organization.
“The Post Office is a destination in itself and has been downsizing its space needs in response to the growing use of email and other technologies,” Briskin explained.
“The new space at 333 East 14th Street is smaller than, but in close proximity to its current location, allowing the USPS to continue convenient service for Stuyvesant Town, the East Village, and the surrounding area.”
Feil holds a long-term ground lease for the 333 East 14th Street retail space. The site, which offers 100 feet of frontage on 14th Street, had been a Gristede’s and then a Duane Reade after the drug chain acquired eight of the supermarkets in 2007. Duane Reade moved to a larger location at nearby 245 First Avenue in January 2013, leaving the space available.
