
NORTHEAST DEAL-WRAP
Union Square Retail Goes for $58M
New York City
TF Cornerstone recently signed a 10-year, approximately 3,500-square-foot lease with Bakehouse at 113 Horatio St. In addition to the ground floor, the bakery will occupy approximately 3,500 square feet of the building’s basement and will primarily be wholesaling cakes and pastries to the hotel and restaurant industry. The space will also be build out to accommodate a café/bakery and a French bistro-style restaurant serving the Meatpacking District. Alan Napak of Cushman and Wakefield represented the tenant, while Steven Baker and Zach Fox of Winick Realty represented the landlord in the transaction.
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Eastern Mountain Sports has found a home in the Upper West Side at the newly completed Laureate condominium on Broadway and West 76th Street, the New York Post reports. EMS has acquired a duplex retail space, with 4,100 square feet at street level, which rented for $350-per-square-foot and 8,700 square feet on the second floor, which rented for $125-per-square-foot. President of Winick Realty Group, Steven Baker, says many national apparel companies were interested in the space. According to My Upper West, EMS is in competitive company with a Modell’s Sporting Goods store on 76th Street and Amsterdam Avenue, a North Face store on Broadway and 73rd Street, and a JackRabbit Sports opening on 72nd Street between Broadway and Columbus Avenue in April 2011. EMS plans to open in fall 2011.
New Hampshire-based Eastern Mountain Sports is occupying a duplex retail space measuring about 13,000 square feet in the Laureate condominium situated on the southeast corner of West 76th Street and Broadway. The firm is opening its store in an 8,700-square-foot space on the second floor and a 4,100-square-foot space at the street level at 2150 Broadway.

We heard last Summer that Home Goods was coming to the Columbus Square retail development (we hesitate to call it a strip mall, but with TJ Maxx, Modell’s and Michael’s…). It will be the final component of TJX Companies’ recent initiative to entrench its big box chains in Manhattan.





