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Deals & Dealmakers

Lee & Associates lands landmark assignment

Lee & Associates has been tapped to lease the retail space at The Corn Exchange, the much-anticipated adaptive re-use of a Harlem landmark at 81 East 125th Street.

Abandoned since the mid-1970s, the former Corn Exchange Bank Building once touted as one of Harlem’s most impressive examples of 19th century architecture, is being transformed with all-steel construction. It will contain three levels of retail space and five floors of office space.

Brad Schwarz
Brad Schwarz

Located on the northwest corner at Park Avenue, the Lee NYC team will be marketing approximately 10,000 s/f of brand new space, comprising 4,100 divisible square feet with 13 ft., ceilings at the ground level, 4,100 s/f on the second level and the 1,800 s/f of below grade supporting space.
Brad Schwarz, managing director & principal, and Richard Kave, managing director of Lee & Associates NYC hold the exclusive agency for the retail space,

“As 125th Street continues to evolve, visionary projects like The Corn Exchange become realities,” said Schwarz.

“There are several major mixed-use developments in the works, but this one will set a benchmark of transitioning old Harlem into a center for modern commercial needs.”

Added Kave, “With the Metro North Harlem station at 125th Street about to undergo a $6 million facelift, along with the addition of a massive mixed-use development at 1800 Park Avenue, the immediate area will change dramatically. “Moreover, as a convenient destination for commuters from Westchester, Rockland and Putnam counties who work in Northern Manhattan, the corridor is already becoming a major retail, office and residential hub.”

Completion of the project is expected by early spring 2015.

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