ATCO Properties & Management announced that two retail tenants have signed long-term lease renewals totaling 5,810 s/f at 41 West 58th Street, an 11-story, 52,845 s/f luxury residential tower in Midtown.
Upscale footwear retailer Paul Andrew Design LLC has recommitted to its 3,560 s/f space on the ground floor of the building for a three-year term.
Also signing is Think Pink Nails, which has renewed its 2,250 s/f lease for another 10 years.
“We are delighted that these fine retailers will extend their leases at 41 West 58th Street,” said Kate Goodman, co-president at ATCO Properties & Management, noting that the stores will continue to benefit from strong shopper traffic on Fifth Avenue and the office population on Sixth Avenue.
ATCO Brokerage Services represented ownership in-house and the tenant in both transactions.