News: Brokerage

City Sports signs for 11-year lease at Muss Developments' 64 West 48th St.

Muss Development LLC has signed sporting goods retailer City Sports to occupy 15,612 s/f of retail space at 64 West 48th St. in the Rockefeller Center area. This will be City Sports' second Manhattan store. City Sports signed on for 11 years. Muss will work with the retailer to upgrade the retail façade and make other improvements, including illuminated signage visible from the Avenue of the Americas and a modern entrance canopy with additional signage. The store is expected to open in the fall. Muss was represented by Jedd Nero of CB Richard Ellis, Inc. Muss purchased 64 West 48th St., a 17-story, 130,000 s/f boutique office building in March for $54.5 million. The company is in the process of repositioning the building as a first-class boutique office building. A building-wide multimillion dollar capital improvement program is underway, including a restored lobby with decorative plaster ceiling, new elevator cabs and common areas, new double pane windows, upgraded façade and new roof, new HVAC systems, electrical system upgrades, new bathrooms, upgraded security systems and keycard access. Mark Lauzon of Cushman & Wakefield is the exclusive leasing agent for the office space in the building.   Co-founders Mike Kennedy and Eric Martin opened the first City Sports store in 1983 on Massachusetts Avenue in Boston. After 25 years, City Sports has grown into an award winning specialty sports retailer in metropolitan locations along the east coast. Taken directly from its name, City Sports stores are located on the best streets in some of the best cities. Muss Development, LLC is a fully integrated real estate company that handles all aspects of the development process, including zoning and approvals, sales and marketing, construction and management.  In business in New York City since 1906, Muss has an unrivaled track record for producing a quality product and satisfied customers.
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