Posniak of ESRT and Podeal and Lerner of Cushman & Wakefield lease 34,200 s/f retail space to Foor Locker at 112 West 34th Street

Foot Locker, Inc. has signed a new retail lease to retain its flagship location at 112 West 34th St., according to landlord Empire State Realty Trust, Inc. 112 W. 34th St. is located opposite Macy's world flagship store, at the intersection of Broadway, Ave. of the Americas and West 34th St., where an estimated 100 million pedestrians pass by annually. Foot Locker will consolidate from three floors into 34,200 s/f on a portion of the ground floor and the entire second floor. The long-term transaction follows on the heels of ESRT's major retail lease with Sephora, which recently signed a deal for 11,334 s/f of flagship space in the same building. "Foot Locker's decision to recast its lease and build a new multi-level flagship store underscores the retail power of 34th St.," said Thomas Durels, ESRT's executive vice president, director of leasing and operations. "With Foot Locker and Sephora already in place, we have one more retail vacancy available at 112." Foot Locker operates 3,473 athletic retail stores in 23 countries under the brand names Foot Locker, Kids Foot Locker, Footaction, Lady Foot Locker, SIX:02, Runners Point, Sidestep and Champs Sports. Landlord representation was provided by Fred Posniak of ESRT along with Joanne Podell and Ian Lerner of Cushman & Wakefield. Rob Martin of JLL represented Foot Locker.