RKF Arranges Leases for Duane Reade and Paramount Electronics at 1657 Broadway
01/28/2008
01/28/2008
Firm completes leasing assignment in Midtown Manhattan
NEW YORK, NY — Robert K. Futterman & Associates (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales, and consulting services completed its leasing assignment at 1657 Broadway. Drugstore retailer Duane Reade will occupy 17,300 square feet – 3,300 square feet on the ground floor and 14,000 square feet in the basement and Paramount Electronics, a gift and electronics retailer will occupy 2,100 square feet on the ground floor.
RKF Senior Managing Director Ariel Schuster and Associate Brett Weinblatt represented building ownership, Madison Capital. Jeff Winick, of Winick Realty Group represented Duane Reade. Mr. Schuster also represented Paramount Electronics.
Situated on the southwest corner of 52nd Street and Broadway, 1657 Broadway is adjacent to the Novotel Hotel in Midtown Manhattan. The retail space is in close proximity to Manhattan’s theater district and to Times Square and benefits from heavy pedestrian traffic.
Neighboring tenants include Starbucks, Commerce Bank, Bank of America, Broadway Theater, Equinox, New York Sports Club and Cosi.
About Madison Capital:
Madison Capital (“Madison”) is a private real estate investment firm based in New York City. Madison owns, develops, operates and manages a diverse portfolio of real estate assets. Our focus in on acquiring and operating urban mixed-use retail, residential and office properties. The diverse backgrounds and experience of Madison’s team allows us to execute the acquisition, financing and management of unique assets. We own properties in New York City on the Upper East Side, Upper West Side, Times Square, Tribeca, Chelsea and SoHo. Madison recently announced an institutional joint venture to acquire approximately $1 billion of urban retail and mixed-use properties in New York City and other major urban markets throughout the United States. Further information can be found at www.mcapny.com.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, 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 $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US 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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NEW YORK, NY — Robert K. Futterman & Associates (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales, and consulting services completed its leasing assignment at 1657 Broadway. Drugstore retailer Duane Reade will occupy 17,300 square feet – 3,300 square feet on the ground floor and 14,000 square feet in the basement and Paramount Electronics, a gift and electronics retailer will occupy 2,100 square feet on the ground floor.
RKF Senior Managing Director Ariel Schuster and Associate Brett Weinblatt represented building ownership, Madison Capital. Jeff Winick, of Winick Realty Group represented Duane Reade. Mr. Schuster also represented Paramount Electronics.
Situated on the southwest corner of 52nd Street and Broadway, 1657 Broadway is adjacent to the Novotel Hotel in Midtown Manhattan. The retail space is in close proximity to Manhattan’s theater district and to Times Square and benefits from heavy pedestrian traffic.
Neighboring tenants include Starbucks, Commerce Bank, Bank of America, Broadway Theater, Equinox, New York Sports Club and Cosi.
About Madison Capital:
Madison Capital (“Madison”) is a private real estate investment firm based in New York City. Madison owns, develops, operates and manages a diverse portfolio of real estate assets. Our focus in on acquiring and operating urban mixed-use retail, residential and office properties. The diverse backgrounds and experience of Madison’s team allows us to execute the acquisition, financing and management of unique assets. We own properties in New York City on the Upper East Side, Upper West Side, Times Square, Tribeca, Chelsea and SoHo. Madison recently announced an institutional joint venture to acquire approximately $1 billion of urban retail and mixed-use properties in New York City and other major urban markets throughout the United States. Further information can be found at www.mcapny.com.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, 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 $9 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the US 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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