RKF Secures New Manhattan Locations for GNC at 275 Seventh Ave. in Chelsea and 1034 Third Ave. on the Upper East Side
NEW YORK, NY – RKF recently secured two ground-floor retail spaces for General Nutrition Center (GNC) in Manhattan. The global retailer of specialty nutritional products signed long-term leases for a 1,000-square-foot space at 275 Seventh Ave., located between 25th and 26th Streets in Chelsea, and a 1,350-square-foot space at 1034 Third Ave., located between 61st and 62nd Streets on the Upper East Side. Opening in 2012, the new stores will be GNC’s 41st and 42nd Manhattan locations.
RKF Executive Vice President Ariel Schuster and Senior Director Greg Covey represented GNC as its exclusive leasing representative in Manhattan. CBRE Senior Vice President Eric Gelber and Associate Preston Cannon represented the landlord, 275 Seventh Avenue LLC, while Cushman & Wakefield Executive Vice President Joanne Podell, Senior Director Matt Siegel and Associate Ian Lerner represented The Trump Organization on behalf of 1034 Third Ave.
“GNC chose 275 Seventh Avenue for its busy residential and office corridor, one block south of FIT, and for its co-tenancy of national brands with like-minded customers, such as Whole Foods and Argo Tea,” said Covey. “In a similar move GNC seized 1034 Third Avenue for its location in a highly trafficked neighborhood the brand has long been eyeing. With no other stores nearby, GNC can fill a void in an important trade area, adjacent to Bloomingdale’s, Dylan’s Candy Bar, Urban Outfitters and more.”
Headquartered in Pittsburgh, Pa., GNC Holdings, Inc. is a leading global specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements. Trading on the New York Stock Exchange under the symbol ‘GNC’, the company has 7,700 locations worldwide with more than 5,900 retail locations in the United States and franchise operations in 56 countries.
The country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, 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 approximately $20 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 Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, and San Francisco