Stonehenge Partners has signed a long-term lease with Wells Fargo for a 1,375 s/f space at 120 Ninth Avenue.
Wells Fargo will be the first tenant to occupy a space at the retail property, which offers almost an entire block of frontage on 9th Avenue between 17th and 18th streets.
Ofer Yardeni, co-chairman and CEO of Stonehenge Partners, said, “By actively re-creating this property with brand new retail spaces, we are able to attract flagship-quality businesses like Wells Fargo that not only anchor the neighborhood, but also service the daily needs of the local community.”
Ross Berkowitz and Beth Rosen of RKF represented Stonehenge in the deal and Annette Healey of CBRE represented Wells Fargo.
RKF is marketing the remaining 4,000 s/f at 120 Ninth Avenue, which can be divided to suit and comes with “generousˮ basement space.
120 Ninth Avenue is surrounded by a culinary and retail destinations such as Buddakan, Tao Restaurant, The Dream Hotel and the Apple Store.
The area has also emerged as a vibrant residential community.