SL Green Realty Corp and The Moinian Group announced they have signed a 23-year, 43,000 s/f lease with Nordstrom, one of the nation’s leading fashion specialty retailers, to anchor three levels of retail space at 3 Columbus Circle.
The transaction involved a series of lease modifications and relocations, including the buyout of the corner bank branch in advance of lease expiration, continuing SL Green’s strategy of replacing below market leases throughout its portfolio.
The new store will serve as an expansion of the Nordstrom full-line flagship store, which is debuting on West 57th Street.
Brett Herschenfeld, SL Green managing director, commented, “We are thrilled that such a prestigious, world-class retailer will anchor 3 Columbus Circle at the corner of Broadway and 57th Street.
“New Yorkers have waited a long time to welcome Nordstrom, a retailer that flourishes throughout the United States and which will further solidify Midtown Manhattan as the destination for high-end retail shopping.”
Derek Trulson from Jones Lang LaSalle and Stephen Stephanou from Crown Retail Services represented Nordstrom, while Jeff Winick from Winick Realty Group acted on behalf of the landlord.