Former Duane Reade Space on West 72nd Street to Become Child-Care Center
Lauren Elkies Schram Sept. 27, 2016, 2:35 p.m.
On Nov. 1, Bright Horizons Family Solutions will be opening its doors for child-care services at Brodsky Organization’s 253 West 72nd Street, Charles Rapuano of Winick Realty Group told Commercial Observer. The nearly 10,000-square-foot space was formerly occupied by Duane Reade, whose lease expired.
The publicly-traded Bright Horizons has taken 7,667 square feet on the ground floor and 2,000 square feet in the basement (the latter for storage) at the building between West End Avenue and Broadway, said Rapuano, who represented the landlord along with Winick’s Steven Baker.
The lease is for 15 years and the asking rent was $850,000 per year, Rapuano said.
“[The company] just thought it was an asset to the building and the neighborhood,” Rapuano said. The landlord “owns a good amount of buildings up there. Bright Horizons is a very high-credit tenant and they’re publicly traded.”
The building is home to a barber shop and an eyeglass store, each leasing 500 square feet at grade. Upstairs are market-rate rentals.
Cushman & Wakefield’s Michael Hoffman and Peter Occhi represented Bright Horizons. He didn’t immediately respond to a request for comment via a company spokesman.
“We are happy to welcome Bright Horizons to 253 West 72nd Street and we look forward to a long relationship,” said Brodsky Organization Principal Alexander Brodsky in a prepared statement. “We wanted a great tenant who would offer a great service for the residents of the luxury rentals above, but also for the entire Upper West Side.”