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Deals & Dealmakers

Flurry of high-end tenants flock to Billionaires Row boutique

A boutique Billionaires Row property has signed 27,000 s/f in office and retail leases.

Newmark announced  two new retail leases totaling 12,494 square feet and three office leases totaling 14,935 square feet at 37 West 57th Street. The firm’s Ross Kaplan and William Chaplin represented the private  ownership on the retail leases, while Matthew Leon, Stephen Gordon and Nathan Kropp represented ownership on the office leasing transactions. 

High-end bridal salon Mark Ingram Atelier is taking over the former gallery space on the 6,700 s/f third floor while the real estate investment firm Davean Holdings has signed a new office lease for 2,500 s/f. Cosmetics manufacturer Intercos Group also renewed their existing lease for 5,735 s/f.  

Meanwhile, the luxury concierge company ByNext signed a 7,164 s/f retail lease that includes 2,589 s/f on the ground floor, 856 s/f on the lower level and 1,130 s/f on the mezzanine level. 

Cosmetic dental group Smile Design has leased 5,330 s/f across the ground and mezzanine levels as well as 1,947 s/f on the lower level. Smile Design plans to open by the end of 2021.  

“We believe that the addition of both ByNext and Smile Design will be great services for the neighborhood,” said Kaplan. “As the high-end residential population along this corridor has increased, the demand for service-oriented retailers has also grown, so it was important for us to work closely with ownership to identify the right tenants.”  

37 West 57th Street, between Fifth and Sixth avenues, features a recently renovated 24/7 attended lobby, new elevators and several pre-built and turnkey options. The property’s newly built spaces include open layouts and workstations, pantries, exposed ceilings and polished concrete floors.  

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