News: Brokerage

Podell and Shalom of Cushman & Wakefield lease 9,655 s/f to MINISO at 5 Times Sq.

Manhattan, NY Cushman & Wakefield arranged a 9,655 s/f lease for MINISO at 5 Times Sq. The global lifestyle retailer will occupy space on the ground and second floors.

Cushman & Wakefield’s Joanne Podell and Michael Shalom represented the tenant in the transaction.

“MINISO’s newest retail space in Times Sq. marks a significant milestone for the global brand as it continues to expand its reach and connect with customers around the world,” said Podell. “In this prime location, MINISO is perfectly positioned to offer its unique shopping experience to the millions of daily visitors that flock to Times Sq.”

A brick-and-mortar retail chain, MINISO is located in more than 105 markets across the world with more than 5,400 storefronts, including a location at 490 Broadway in the SoHo neighborhood. The brand recently opened six new stores in Texas and Florida.

5 Times Sq. is a 38-story property spanning over one million s/f of office, retail and hospitality space. The property is located near the Times Sq. – 42nd St. subway station, providing connectivity to Manhattan and the surrounding areas. Additionally, Port Authority, Bryant Park and Penn Station are in proximity.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their