CPEX RE retained to lease 5,000 s/f at 326 Canal Street, Chinatown

CPEX Real Estate has been retained to lease 326 Canal St., a 5,000 s/f retail space in Chinatown. The space consists of approximately 2,500 s/f on the ground floor and a 2,500 s/f full basement with street access for loading. It will be available February 2010 and can be delivered with a vanilla-box buildout. The leasing team, comprised of Timothy King, Eric Altschul and Ryan Condren, are marketing this property. This site has great pedestrian visibility with an average daily traffic count of over 35,000 people. In Manhattan, Canal St. is one of the most bustling retail corridors and has the 15th busiest subway station. "Canal Street is a world famous retail shopping district and we are proud to be marketing this outstanding space," said King, principal of CPEX Real Estate. It would be an ideal location for an apparel store, electronics store or a bank. Neighboring tenants include Pearl Paint, Citibank, T-Mobile, Payless ShoeSource, Sbarro, Bank of America, Sleepy's, American Apparel, and a US Post Office. CPEX was founded in 2008 to provide a full range of commercial real estate services exclusively for real estate and business owners, property managers and institutions. These services include: Leasing, Investment & Capital Market Sales, Business Services and Advisory Services.