Michaels renews 32,000 s/f lease at 675 Ave. of the Americas

New York, NY According to GFP Real Estate, LLC, specialty arts and crafts retailer, Michaels, has signed a lease renewal for 32,000 s/f on the ground floor of 675 Ave. of the Americas. 

Jeffrey Gural, chairman and principal of GFP Real Estate, represented the tenant and the landlord in the direct lease transaction.  

“Along with Trader Joe’s, Michaels has been a solid, long-term anchor at the building for many years,” said Gural. “Michaels has seen incredible success at this location over the years driven by the area’s consistent, high level of foot traffic as the area remains a major shopping destination for home goods, furniture, art, food and fashion.” 

Originally built in 1901 to house the Adams Dry Goods department store, 675 Ave. of the Americas spans an entire city block on the west side of 6th Ave. between 21st St. and 22nd St. The property features 50,000 s/f open floor plates, 13’ exposed ceilings and 10’ oversized operable windows. The building features a 24/7 attended lobby; a tenant rooftop amenity space; and modern high-speed elevators, mechanical systems, and a new HVAC system. 

675 Ave. of the Americas is located just five blocks north of Union Square Park and one avenue west of Madison Square Park, providing ease of access to all areas of New York City. The building is also a short distance from Gramercy Park.