Firm is Leasing 42,500 Square Feet of Retail Space at 555/557 Broadway
NEW YORK—RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announces the firm has been hired to exclusively market 42,500 square feet of retail space at 555 and 557 Broadway in SoHo.
RKF Chairman & CEO Robert Futterman, Vice Chairman Karen Bellantoni, Managing Director Jackie Totolo and Associate Pierce Thompson are marketing the opportunity on behalf of the owner, Scholastic Corporation.
Located between Spring and Prince Streets, one of the busiest blocks in the market, 555/557 Broadway is a 12-story office building with retail at its base. A portion of the retail space is currently leased to cosmetics retailer Sephora, which has announced plans to remain at the newly renovated property. The headquarters of Scholastic, the global children’s publishing, education and media company, occupies offices on the upper levels of the building. The location offers 100 feet of coveted frontage on Broadway.
“SoHo continues to be a magnet for fashion brands and their fans,” said Bellantoni. “It remains one of those iconic locations that tells the world an innovative brand has arrived.”
The area is home to many of the world’s leading fashion and lifestyle brands and is a highly-trafficked commerce center. The building is close to neighboring retailers Nike, Converse, Uniqlo, Pink, Skechers, Dean& Deluca, and Prada, amongst other stores.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $40 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout North America for leading retailers, restaurants, owners, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175. T: 212.599.3700. www.rkf.com