RKF Named as Exclusive Sales and Leasing Agent for 1251 Lexington Avenue Retail Space
06/14/2006
06/14/2006
RKF to sell and lease 9,000 square feet of retail space
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has been tapped to market the sale and leasing of the retail condominium located at 1251 Lexington Avenue on behalf of an institutional client. The building comprises 9,000 square feet of prime retail space. The leasing aspect of the assignment is nearly complete, with a strong mix of retailers.
Based on unsolicited offers already received, the retail space should command in excess of $26 million.
RKF Senior Vice President Jeff Fishman is representing the institutional client in the sales transaction, while Managing Director Ariel Schuster and Director Richard Gelber are overseeing the leasing of the retail space.
Previously occupied by Blockbuster Video, the space is located on the Southeast corner of 85th Street and Lexington Avenue. 1251 Lexington is in close proximity to the area’s major retailers, H&M and Barnes & Noble. One block away is the 86th Street subway station, the 11th busiest station in the system.
“Located on one of the busiest corners on the Upper East Side of Manhattan, this is an ideal setting for the strong tenants we plan to bring to the space. The fashionable retailers have already begun to enliven this neighborhood,” said Fishman.
The area is being redefined by major new residential developments, including the Extell Development Company’s upscale condominium on Lexington Avenue, between 85th and 86th Streets, which includes 170 units and 100,000 square feet of retail space. Another new development is being undertaken by The Related Companies and partners on Third Avenue and 86th Street, and features 25,000 square feet of retail.
The country's leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates LLC (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 $4 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 Las Vegas, Los Angeles and San Francisco.
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NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has been tapped to market the sale and leasing of the retail condominium located at 1251 Lexington Avenue on behalf of an institutional client. The building comprises 9,000 square feet of prime retail space. The leasing aspect of the assignment is nearly complete, with a strong mix of retailers.
Based on unsolicited offers already received, the retail space should command in excess of $26 million.
RKF Senior Vice President Jeff Fishman is representing the institutional client in the sales transaction, while Managing Director Ariel Schuster and Director Richard Gelber are overseeing the leasing of the retail space.
Previously occupied by Blockbuster Video, the space is located on the Southeast corner of 85th Street and Lexington Avenue. 1251 Lexington is in close proximity to the area’s major retailers, H&M and Barnes & Noble. One block away is the 86th Street subway station, the 11th busiest station in the system.
“Located on one of the busiest corners on the Upper East Side of Manhattan, this is an ideal setting for the strong tenants we plan to bring to the space. The fashionable retailers have already begun to enliven this neighborhood,” said Fishman.
The area is being redefined by major new residential developments, including the Extell Development Company’s upscale condominium on Lexington Avenue, between 85th and 86th Streets, which includes 170 units and 100,000 square feet of retail space. Another new development is being undertaken by The Related Companies and partners on Third Avenue and 86th Street, and features 25,000 square feet of retail.
The country's leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates LLC (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 $4 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 Las Vegas, Los Angeles and San Francisco.
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