605 West 42nd Street -Manhattan, NY
Manhattan, NY CBRE Group, Inc. has represented Volvo Car Corporation in the 60,000 s/f retail lease at 605 West 42nd St.
CBRE’s Michael Kadosh and Jesse Wolff represented the tenant in the 15-year deal for the ground and lower levels. Volvo’s flagship location will sit at the base of the new 1,175-unit apartment building, Sky, and has 30-ft. ceilings along with an all glass façade.
“With Manhattan’s Far West Side continuing to gain traction, we believed this was the perfect opportunity for Volvo,” said Kadosh, senior vice president, specializing in retail advisory & transaction services for both tenants and landlords. Mr. Kadosh, who has completed multiple automotive transactions in Manhattan continued, “Sky is truly a magnificent luxury building which aligns very well with Volvo’s brand.”
The building falls within blocks of Times Sq., Javits Center and near some of the busiest subway stations in the city including the new 7 train extension to Hudson Yards. Furthermore, there are more than 6,500 new apartments in the immediate area, generating an incredible amount of daily foot-traffic.
The landlord in the transaction was The Moinian Group.
“We are pleased to have a prestigious tenant like Volvo in our portfolio of properties,” said Gregg Weisser, SVP of commercial and retail leasing for the Moinian Group.
“This space if perfect for their needs and we wish them success in their first long-term lease in Manhattan.”
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