Lease Beat

GNC Net Leases Full Greenwich Village Building, Also Expands in Midtown South

305 Avenue of the Americas

The health retailer GNC inked deals for two new stores in well-trafficked Manhattan intersections.

RKF managing director Greg Covey and executive vice president Ariel Schuster represented the tenant in a 3,600-square-foot net lease of the entire 305 Avenue of the Americas. That Village property sits on the enviable corner of Avenue of the Americas and Carmine Street. The deal was part of GNC’s relocation from 101 Seventh Avenue South.

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Lease Beat

GNC Leases 2,100 Square Feet at 302 Canal Street as Corridor Transforms

300 and 302 Canal Street (Credit: NYChinatown.org)

GNC signed a 10-year lease (with a five-year option) for 2,100 square feet at 302 Canal Street, The Commercial Observer has learned.

It will be the health and wellness retailer’s 47th Manhattan location. The store will be evenly divided between a ground floor and basement space. The previous tenant was a local shoe and apparel store.

RKF‘s Ariel Schuster and Greg Covey represented the tenant. ABS Partners Real Estate‘s Mark Tergesen represented the landlord, Charbern Management Group. GNC’s Rory McCutcheon worked in-house on the deal. Read More

Lease Beat

7-Eleven Takes 2,500 Square Feet at 111 Fulton Street

7-11-logo

Convenience store chain 7-eleven has signed a long-term lease for roughly 2,500 square feet of retail space at 111 Fulton Street in the Financial District, The Commercial Observer has learned.

Ross Kaplan of Newmark Grubb Knight Frank represented the landlord, while Ariel Schuster and Greg Covey at RKF represented the tenant.

“There’s a flurry of activity going on Downtown,” Mr. Kaplan said, who has represented the landlord for the last year.  “Tourism and a dense commercial and residential population is a big draw for retailers in this part of town, especially quick-service shops.” Read More