Massey Knakal Secures New Lease For Retail Space In Times Square Business District
Massey Knakal Retail Leasing Services has secured a retail lease for 785 Eighth Avenue, located between West 47th and West 48th Streets in Manhattan’s Times Square Business District. The space will be occupied by Open Tour New York.
The space contains approximately 1,838 square feet with 22-foot high ceilings, an 800 square foot basement, and an 800 square foot terrace. It is located within a building that was recently reborn as Icon, a luxury rental building. Designed by Ismael Leyva Architects, it was built in 2007 as a sliver condo that is 43-stories tall on a 23’ wide lot.
With an estimated 39 million visitors annually, more than 40 theatres and 29 million square feet of office space within a few blocks, the foot traffic is extremely heavy in the area.
“A perfect match for Eighth Avenue’s vibrant tourism and hospitality focused retail character, Open Tour New York is an ideal use for the space,”said Massey Knakal’sDylan Murphy, who exclusively represented the landlord in this transaction. “Taking full advantage of the ceiling heights and dramatic frontage, the storefront is a beautiful addition to the block,” he added.
Massey Knakal Retail Leasing Services (MKRLS) is a focused retail leasing division 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.