News: Brokerage

Coldwell Banker Commercial Alliance secures 31,700 s/f retail listing at 116 Nassau Street in Manhattan

The New York office of Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm announced they have secured an exclusive listing for 31,700 s/f of retail space at 116 Nassau St., the prominent 141,000 s/f, 12-story office building located on the North East corner of Nassau and Ann Sts. The CBC Alliance New York team, led by managing principal Catherine O'Toole, Gregory Gang and David Danick are currently marketing the space, which represents one of the largest retail components available south of Houston Street in the emerging lower Manhattan market. The space is comprised of three available floors at 116 Nassau Street, which includes: * 11,800 s/f available on the ground floor * 12,900 s/f available on the second floor * 7,000 s/f available on the lower level In addition, the space includes approximately 95 ft. of frontage on Nassau Street and 110 ft. of frontage on Ann St. The property also offers private service and freight elevator, as well as a number of separate entrances from both Nassau St. and Ann St. for tenants. "This is simply the most unique retail space on the market in Lower Manhattan," said Gregory Gang. "In addition to being the largest space available, 116 Nassau sets the benchmark for high quality retail product in the city. This exceptional, highly visible property offers great flexible space and fantastic signage opportunities, combined with the wealth of area amenities lower Manhattan brings. Demographically this property is ideally situated to service the needs of the residents, full time workers, students and annual visitors all making lower Manhattan so special." CBC Alliance previously secured a multi-floor office leasing assignment for 116 Nassau St. in late 2014 and have already closed three major leases at the property, including a 11,365 s/f lease for Park Row South Nassau Street LLC, a 9,000 s/f lease for the New York City Gay and Lesbian Anti Violence Project, and a 6,134 s/f lease for TAP Electrical Contracting Service on the 9th floor.
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