February 4, 2019
The Real Deal: These were the top 10 NYC retail leases in January

Gyms maintained a strong presence in January’s retail leasing scene, securing two of the top spots. The rest of the list is a bit of a mixed bag, featuring wildcards such as museums and marijuana dispensaries.

All together, January’s top 10 retail leasing deals totaled more than December’s in terms of square footage.

The 10 biggest retail lease deals signed last month totaled 229,700 square feet, up 80,900 square feet from December’s total of 148,800 square feet. The largest retail lease in January was inked in the Financial District.

1) Life Time, 1 Wall Street, Financial District – 74,000 square feet

The gym signed a lease for 74,000 square feet of space at 1 Wall Street, it’s second location in Manhattan. Life Time Fitness will open alongside a Whole Foods at the base of the building. Joe Mastromonaco and Fritz Kemerling of Dartmouth Company represented the tenant while Peter Whitenack, Jackie Totolo and Scott Zinovoy of RKF represented the landlord, Macklowe Properties.

2) Museum of the Dog, 101 Park Avenue, Grand Central – 60,000 square feet

The American kennel Club’s museum inked a lease for 60,000 square feet of space at 101 Park Avenue, relocating from Missouri. The building’s landlord is H.J. Kalikow & Company. Other tenants at the building include Hitachi Data Systems, Tiger Foundation and Morgan Stanley.

3) Regal Cinemas, 133-15 39th Avenue, Flushing – 34,000 square feet

The theater company signed a lease for 34,000 square feet of space, replacing Korea-based CJ CGV as the theater operator at 133-15 39th Avenue, known as Tangram. Robert Greenstone of Greenstone Realty Group represented the tenant while Jeff Pandolfo of SCG Retail represented the landlords, SCG America and F&T Group.

4) Crunch Fitness, 166-10 Baisley Boulevard, Jamaica – 20,000 square feet

The gym signed a lease for 20,000 square feet of space at 166-10 Baisley Boulevard. Josh Singer and Lou Moskowitz of Heller Organization represented the tenant while Rochdale Village represented the landlord in house.

5) Urbanspace, 787 Seventh Avenue, Midtown West – 10,850 square feet

The food hall signed a lease for 10,850 square feet of space at 787 Seventh Avenue, replacing Bobby Flay’s Bar Americain. Amira Yunis and Anthony Stanford of CBRE represented the tenant while David LaPierre and Kristen Crossman of CBRE represented the landlord, CommonWealth Partners. Other tenants at the building include Le Bernardin and Maison Kayser

6) Tiny Steps, 180 Livingston Street, Brooklyn Heights – 9,000 square feet

The daycare center signed a 15-year lease for 9,000 square feet of space at 180 Livingston Street. Laki Igrutinovic of City Connections represented the tenant while Thor Equities represented the landlord in house. Other tenants at the building include Dallas BBQ, Helen Keller Services for the Blind and the MTA.

7) Columbia Care, 44 Court Street, Brooklyn Heights – 7,000 square feet

The company that brought the first marijuana dispensary in New York inked a lease for 7,000 square feet of space at 44 Court Street. The new lease will be its first outpost in Brooklyn, where it will offer in-person pharmacist consultation as well as home delivery. Michael Dubin and Hector Rodriguez of Savitt Partners represented the tenant. The building’s landlord is 44 Court Street LLC.

8) Long’s Bedding & Interiors, 1220 Third Avenue, Upper East Side – 6,165 square feet

The bedding store signed a lease for 6,165 square feet of space at 1220 Third Avenue. Peter Braus, Greg Tannor and JP Sutro of Lee & Associates NYC represented both the tenant and the landlord, Townsend House Corporation.

9) Hungry Angelina, 117 Adams Street, Dumbo – 4,500 square feet

The plant-based restaurant signed a 10-year lease for 4,500 square feet of space at 117 Adams Street, which also serves as headquarters for Etsy. Max Swerdloff of Kushner Companies represented both the tenant and the landlord, Kushner Companies.

10) A&Z Beauty Supply, 6002 Fort Hamilton Parkway, Kensington – 4,200 square feet

The beauty supply store inked a lease for 4,200 square feet of space at 6002 Fort Hamilton Parkway. Josh Singer and Stephen Weber of Heller Organization represented both the tenant and the landlord, Halcyon Management.

 

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