Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Secures Three Retail Leases In Manhattan

05/13/2013

Massey Knakal Retail Leasing Services has secured three new retail leases for 110 West End Avenue, 973 Columbus Avenue, and 383 West 125th Street.

The retail space at 110 West End Avenue, located between West 64th and West 65th Streets on Manhattan’s Upper West Side, contains approximately 950 square feet on the ground floor with 950 square feet of basement space with 11 foot high ceilings.  It benefits from 15 feet of visibility steps from a bus stop on one of the busiest pedestrian blocks of West End Avenue.  Neighboring tenants include Western Beef, Subway Restaurant, and the River School.  The site will be occupied by Pinnacle Wine & Spirits.

The retail space at 973 Columbus Avenue, located between West 107th and West 108th Streets on Manhattan’s Upper West Side, contains approximately 500 square feet on the ground floor and 300 square feet of basement space with 10.5 foot high ceilings.  The space benefits from having great exposure from every corner.  It is located just steps from bus stops, subway stations, restaurants, retail shops, and parks. Neighboring tenants include Sheshe Pizzeria, Allstate, Metro PCS, Subway Restaurant, Columbus Deli, AT&T, and Columbia University.  The site will be occupied by a Mexican restaurant and tapas bar.

The retail space at 383 West 125th Street, located on the corner of West 125th Street and Morningside Avenue in Manhattan’s Harlem neighborhood, contains approximately 1,400 square feet on the ground floor and 800 square feet of basement space with 12 foot high ceilings.  It benefits from its proximity to bus stops and the # 2 and 3 subway on the busiest streets in Harlem.  Neighboring retailers include Chase Bank, UPS, Suwbay Restaurant, New York Sports Club, Dunkin Donuts, and Rite Aid.  The site will be occupied by Supra, a retail store.

“We are very happy to secure these three leases, especially to have the opportunity to increase the rent roll for each building.  Rents have increased from 30% to 200% above the rents paid by the previous tenants,” said Director of Retail Leasing David Chkheidze, who exclusively represented the landlord in all three transactions.

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.

www.masseyknakal.com

05/13/2013 - 08:20

Source

Cushman & Wakefield Capital Markets Group New York

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