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RKF Named Exclusive Leasing Agent for 735 Sixth Avenue
02/14/2007


Firm to market and lease 18,500 square feet of retail space in Chelsea

NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales, and consulting services has been retained as exclusive leasing agent for an 18,500-square-foot retail condominium at the base of a new 40-story residential building located at 735 Sixth Avenue. The retail building, also known as the Chelsea Stratus, is the tallest building in New York City’s Chelsea trade area.

RKF Executive Vice President Barry Fishbach and Senior Managing Director Ariel Schuster are the exclusive leasing agents on behalf of Sixth Ave Retail, LLC.

735 Sixth Avenue occupies the entire western block between 24th and 25th Streets on Sixth Avenue and consists of approximately 17,000 square feet of retail space on the ground floor and 1,500 square feet in the basement. This space also offers 200 feet of frontage on Sixth Avenue.

Chelsea is one of Manhattan’s hottest and most vibrant retail markets and is home to a mix of retail, residential and office properties. The area’s dynamic has changed in recent years; with the construction of new luxury properties and the redevelopment and conversion of office buildings to residential use, a young, affluent population has been attracted to the market.

“Chelsea is one of the city’s most popular retail destinations and continues to provide new retail opportunities at the base of luxury residential developments which are rising throughout the neighborhood,” said Schuster.

“Chelsea is a terrific seven-day retail market. The retail condominium offers retailers an excellent opportunity for new construction as well as ceiling heights in excess of 20 feet and prominent store fronts,” added Fishbach.

The neighborhood is anchored by Sixth Avenue big-box retailers. Area retail tenants include Bed Bath & Beyond, which is the best performing store in the chain; Best Buy; Starbucks; Barnes & Noble; CVS; Old Navy, The Container Store; and Home Depot.

The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates, LLC (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
 
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