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Retail

SL Green leases 71,000 s/f of prime Manhattan retail

1515_Broadway_Street_View
1515 Broadway

SL Green Realty Corp., New York City’s largest commercial property owner, has signed leases totaling 71,547 s/f with three national retailers in three of Manhattan’s most sought-after submarkets — Times Square, The Plaza District and Chelsea.

“We are pleased to attract such prestigious, well-known retail anchors in these three strategically-located properties,” said Brett Herschenfeld, managing director of SL Green Retail.  “Our retail portfolio continues to be a meaningful source of growth for the company.”

Equinox, one of the nation’s global leaders in holistic fitness centers, has signed a 25-year, 32,000 s/f four-level lease for a portion of the retail component of 10 East 53rd Street.  Situated in New York’s Plaza District, the Club is scheduled to open in 2016.

Lowe’s Home Improvement, a Fortune 100 home improvement company with more than 1,835 locations nationwide, has signed a 15-year lease for a Chelsea flagship store comprised of 36,000 s/f on multi-levels at 635-641 Sixth Avenue in Chelsea.

Joe Mastromonaco and David Smookler of the Dartmouth Company represented Lowe’s, while RKF’s Ariel Schuster, Gary Alterman and Ross Berkowitz acted on behalf of SL Green.

Skechers USA, the high performance, lifestyle footwear, has committed to a 3,519 s/f 10-year lease at 1515 Broadway in the heart of Times Square.
Skechers was represented by Gene Spiegelman of Cushman & Wakefield, while Jeffrey Roseman of Newmark Grubb Knight Frank acted on behalf of SL Green.

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