RKF Arranges 1,800-SF Lease for GNC at 205 Eighth Avenue
Retailer to Relocate Within Chelsea
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, is pleased to announce that it has secured a 1,800-square-foot retail space for GNC at 205 Eighth Avenue between 20th and 21st Streets in Chelsea. GNC, the leading specialty retailer of nutritional products, is relocating from its current location at 265 Eighth Avenue.
RKF Executive Vice Executive President Ariel Schuster and Director Greg Covey represented GNC in this transaction. Building ownership, Francemen 205 LLC, was represented in-house by Aaron Schwartz.
“GNC wanted to maintain its presence in the neighborhood and continue to service its loyal customer base,” said Schuster. “205 Eighth Avenue allows them to achieve those objectives in a location that is convenient for its customers.”
GNC needed to relocate as Dallas BBQ exercised its option to expand into GNC’s current space at 265 Eighth Avenue. The new store at 205 Eighth Avenue is anticipated to open in second quarter 2010.
Eighth Avenue in Chelsea is home to dozens of national and local retailers and restaurants catering to the neighborhood’s dense residential population. Area retailers include Rite Aid, American Apparel, Starbucks, Gristedes, Qdoba Mexican Grill, Lasagna Restaurant, Spice and Better Burger.
GNC, headquartered in Pittsburgh, PA, a leading global specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. As of September 30, 2009, GNC has more than 6,700 locations, of which more than 5,300 retail locations were in the United States (including 919 franchise and 1,814 Rite Aid franchise store-within-a-store locations) and franchise operations in 47 international markets. The Company – which is dedicated to helping consumers Live Well – also offers products and product information online at www.gnc.com.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (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, 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, New Jersey and San Francisco.