Massey Knakal Secures National Tenant For NoHo Retail Space
Massey Knakal Retail Leasing Services has secured a retail lease for 716 Broadway, located between West 4th Street and Astor Place in Manhattan’s NoHo neighborhood. The space will be occupied by Foot Locker.
This stunning, column-free retail space is located in an extraordinarily beautiful building and features two floors of potential selling space, though the future tenant intends to only sell out of the ground floor. Previously occupied by bookstore Shakespeare & Co., it contains approximately 3,000 square feet on the ground floor with ceilings over 14 feet high and 2,000 square feet of basement space with almost 12-foot high ceilings. It benefits from approximately 20 feet of frontage as well as front and rear staircases.
The property receives heavy foot traffic from the local student, tourist, office, and resident populations. Retail neighbors include American Apparel, Superdry, French Connection, Duane Reade, and Aldo, while other neighbors include NYU, Facebook, and J. Crew.
“I remember buying my textbooks at Shakespeare & Co. as an NYU student, and while both the landlord and I are sad to see them go, the realities of today’s market combined with the effect of online retailing made it undesirable for them to continue their business,”said Massey Knakal’s Brendan Gotch, who exclusively represented the landlord in this transaction. “Foot Locker is an ideal solution for the landlord and provides a product that is hotly in demand in this market, especially by NYU students,” he continued.
Massey Knakal Retail Leasing Services (MKRLS) is a focused retail leasing company whose goal is to ensure that every client obtains creditable tenants at the highest overall rental income. To accomplish this objective, the MKRLS team quickly and efficiently implements well-orchestrated marketing and leasing campaigns geared toward targeted groups of retail candidates.