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Deals & Dealmakers

Foot Locker signs 145,000 s/f HQ lease with Vornado Realty

JJJ completed a new, direct transaction for Foot Locker at 330 West 34th Street with Vornado Realty Trust.

330 West 34th Street
330 West 34th Street

The footwear and sports apparel retailer signed a lease for 145,000 s/f at the Class A, 735,000 s/f commercial office building.

The tenant was represented by Robert Martin, vice chairman, and Christine Tong, senior vice president, both with JLL.

Building owner Vornado was represented in-house by Glen Weiss, executive vice president, Craig Panzirer, senior vice president, and Jared Silverman, leasing director.

“Foot Locker preferred to remain in the Penn Plaza area,” said Martin.

“The retailer was also looking for an office building that featured large floor plates that could accommodate the planned layout of its offices. Vornado’s 330 West 34th Street was ideal for Foot Locker, and we worked closely with the owner to complete the transaction in a tight timeframe.”
Foot Locker signed a 15-year lease for 145,000 s/f of office space and will occupy the entire second to fourth floors at 330 West 34th Street, which is located between Eighth and Ninth avenues.

The footwear and sports apparel retailer is relocating to the office tower from its previous offices at 112 West 34th Street.

Vornado recently completed a capital improvement program at the 18-story, 330 West 34th Street building, with the effort including a newlobby; a ground-floor amenity center; dispatch elevators; and state-of-the-art mechanical systems

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