News: Brokerage

Spiegel of Rose Associates secures 3,428 s/f lease to TD Bank at 5 East 22nd Street

Rose Associates, the New York-based full service real estate firm, has signed a 15-year lease with TD Bank, N.A. for 3,428 s/f at Madison Green, a building located at 5 East 22nd St. on the southeast corner of Broadway and 23rd St. The space includes 150 ft. of frontage on Broadway and 23rd St., and is adjacent to the N/R subway. TD Bank, which is expected to open in the summer of 2014, will join area retailers that include Restoration Hardware, Brooks Brothers, Eataly and Shake Shack. Bruce Spiegel, senior managing director for Rose, represented the property owner in the transaction. Christian Stanton and Joanne Podell of Cushman Wakefield represented TD Bank. "This is a highly sought after street-level space in the heart of the Flatiron," said Spiegel. "TD Bank will have great exposure on this busy corner, and they'll see steady traffic from tourists, residents and professionals." Rose developed Madison Green 25 years ago, and handles leasing of the building's retail and garage space. TD Bank will join other national retailers at the property, including LensCrafters, Papyrus and FedEx.
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