Expose, Inc., a souvenir and gift shop that has operated for decades in the Times Square area, has signed a lease to move the business to the Financial District.
Winick Realty Group’s Richard Smith represented the retailer, who leased a corner location at 30 Vesey Street, steps from the World Trade Center and 9/11 Memorial and Museum.
“Even though the hours are a little different than he is used to in Times Square, the retailer feels that this is an amazing area for tourists,” said Smith.
“The souvenir shops downtown are primarily on Broadway, not on Vesey, so he is in a great location to capture the tourists who have not already made their purchases.”
The store features 2,200 s/f of ground floor retail where Expose sells t-shirts, glasses, books and other merchandise, including more 9/11-related pieces to appeal to the downtown tourist population.
In addition, the store sells suitcases in a 1,500 s/f selling basement. “In New York City, gift stores like this are thriving right now because there are so many tourists coming to the city and spending money,” said Smith.
“These types of businesses are good for landlords because they are able to pay the rents and do the daily business necessary to be successful.”
Landlord Greystone Management was represented in-house.