Eastern Consolidated chosen to market 4,774 s/f corner retail space at 547 West 20th Street
Eastern Consolidated has been retained as the exclusive leasing agent for a 4,774 s/f corner retail space at 547 West 20th St., also known as 120 11th Ave. The ground-floor offering features 13-ft. high ceilings, exposed brick, and 965 s/f of storage space.
"This property is situated along one of Chelsea's most notable gallery blocks, just steps away from the High Line and Chelsea Piers at the epicenter of this vibrant neighborhood," said Brad Cohen, senior director of the retail leasing division for Eastern Consolidated, who exclusively represents ownership. "With prime frontage along 11th Ave. and West 20th St., the space is well-suited for a gallery, showroom, or upscale restaurant."
Ownership is currently leasing the gallery to Friends of the High Line, who is presenting an art exhibition titled Pier 54 at the space until December 13, 2014. The installation - conceived as a tribute to and a reaction against Pier 18, a project organized by Willoughby Sharp in 1971 - features works by 27 artists, all of whom are women.
Located at the northeast corner of 20th St. and 11th Ave., 547 West 20th St. is directly across from Chelsea Piers Entertainment Complex and the Bayview Correctional Facility, which is being offered for long-term lease or sale for office or hotel conversion. Other neighboring tenants include: the future office, retail, dining, and entertainment destination Super Pier; The High Line Hotel; The IAC Building; Hewlett-Packard; restaurants Tenth Avenue Cookshop and Trestle on Tenth; retailer Letter J; and Appellation Wine & Spirits, among others.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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