Top 10 Retail Leases of the Month: It Was a Target Rich Month
Three of the top four biggest retail leases in the last month have one word in common:
The national retailer, which has been on an expansion kick, according to sources, inked a 15-year, 47,000-square-foot deal at A&H Acquisitions’ development at 22-11 31st Street in Astoria, Queens; a 46,000-square-foot lease at 1520 Forest Avenue in Elm Park, Staten Island and a 15-year, 22,600-square-foot lease on the Upper East Side at TF Cornerstone’s 1201 Third Avenue.
The bronze medal goes to women’s activewear retailer Bandier which has reportedly signed a 27,500-square-foot lease for a flagship retail location and offices at Paramount Group’s 0 Bond Street in Noho.
Apparel often does well in this town, and the announcement that the U.K. outfit Ralph & Russo was taking 5,800 square feet at 680 Madison Avenue was one of the more significant leases of the month.
But it was also a pretty good month for those looking to expand their palate: Dumbo’s Empire Stores announced that it had signed a 21,000-square-foot food hall called Time Out Market New York (speaking of Dumbo, if you want to get a little meta with the definition of “retail,” Kushner Companies, LIVWRK and CIM Group opened a 4,047-square-foot sales gallery for their residential project at 85 Jay Street); Chinese hotpot colossus HaiDiLao,revealed it was taking 12,000 square feet in Flushing Commons; and Beijing-based First Lamb Shabu announced it was taking its first Manhattan space. (The 3,600-square-foot outpost at 218 East 14th Street isn’t technically one of the top 10 in the last month, but we’re sensing a theme.)
Finally, Renzo Gracie Martial Arts Academy took space on the lower level at 246 Columbus Avenue (a.k.a., the Park & Tilford Building) on the Upper West Side.