SL Green and Moinian expands Nordstrom’s men’s store by 3,973 s/f at 3 Columbus Circle; Trulson of Jones Lang LaSalle represents tenant

December 20, 2016 - Shopping Centers
3 Columbus Circle - Manhattan, NY

Manhattan, NY According to SL Green Realty Corp. and The Moinian Group, fashion specialty retailer, Nordstrom is expanding its future men’s store at 3 Columbus Circle by another 3,973 s/f, bringing its total leased space at the location to 46,991 s/f. The men’s store is part of the retailer’s New York City flagship footprint, and the expansion will allow Nordstrom to occupy the building’s Broadway retail frontage in full, including the corners of both 57th and 58th St. in addition to its flagship space at 225 West 57th St.

Brett Herschenfeld, SL Green

Brett Herschenfeld, SL Green managing director, said, “We are thrilled to continue our partnership with Nordstrom, a preeminent fashion retailer throughout North America. Nordstrom’s expansion reflects the prominence of 3 Columbus Circle’s location and demonstrates the continuing strong demand for high quality retail space in New York City.

This transaction caps the complex retail leasing program at 3 Columbus in which several tenants were bought out or relocated and spaces combined to maximize selling area, providing significant incremental revenues for the company.”

The Nordstrom lease concludes a successful year for SL Green Retail. Year-to-date, the company has executed 32 retail leases totaling 310,534 s/f, generating $70 million of rental revenue.

Herschenfeld said, “SL Green has assembled a premier portfolio of prime retail offerings in New York City with more locations to come. I am proud of our team’s results in 2016 and look forward to building upon the momentum and pipeline we have going into 2017.”

Derek Trulson of Jones Lang LaSalle represented Nordstrom.

Thanks for Reading!
You've read 3 of your 3 guest articles
Register and get instant unlimited access to all of our articles online.

Sign up is quick, easy, & FREE.
Subscription Options
Already have an account? Login here
Tags:

Comments

Add Comment