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RKF Fetches 16,000-SF Lease for PetSmart Store in NoMad

04.21.17

Leading Specialty Pet Retailer to Open at 10 Madison Square West

NEW YORK —RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 16,280-square-foot lease for PetSmart at 10 Madison Square West. The Phoenix-based pet specialty retailer operates more than 1,500 stores in the United States, Canada and Puerto Rico. This PetSmart New York store will open at the base of a brand new luxury condominium in the heart of booming NoMad this coming fall.

RKF Vice Chairman Ariel Schuster and Vice President Brian Segall, along with Metro Commercial’s Tom Londres and Brian Goodwin, represented PetSmart in the transaction. The landlord, Savanna, was represented by JLL’s Amy Zhen and Hilary Sievers.

Located at the intersection of 24th Street and Broadway, 10 Madison Square West is ideally situated just a few steps from Fifth Avenue and the famous park for which it’s named—which also features a dog park—directly across from Eataly NYC Flatiron and in the heart of NoMad’s effervescent seven-days-a-week retail and hospitality market. The store will be a short block from the subway, and neighbors include Citibank, The LEGO Store, The 40/40 Club, Shake Shack, Noir et Blanc, and Porcelanosa.

“PetSmart has played a huge role in the multi-billion dollar pet-related retail industry, and this space enables them to make a significant impact in the NYC market,” said Schuster. “With its excellent day and night traffic from residents, lots of pet owners utilizing the dog park at Madison Square Park, office workers and visitors, and its close proximity to transportation and numerous nearby hotels, restaurants and office buildings, 10 Madison Square West was the perfect fit.”

About RKF

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 $30 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, San Francisco 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

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