Tergesen and Kempner of ABS lease 2,218 s/f; For retail space at 2200 Broadway

New York, NY Full-service commercial real estate firm ABS Partners Real Estate LLC has secured a 12-year, 2,219 s/f retail lease at 2200 Broadway for COCO-MAT. The international home-furnishings brand, which specializes in eco-friendly products, will occupy 1,780 s/f on the ground floor of the Upper West Side building on the corner of 78^th St. and 439 s/f on the lower level. This deal marks the company’s fourth Manhattan showroom, which is slated to open in this spring. “There has been a lot of press about vacancy rates and slower leasing activity in pockets of the Upper West Side.  ABS examined the sub-market and implemented a leasing strategy, which ownership was 100% in favor of,” said Mark Tergesen, a senior managing director at ABS Partners. “In three months, we had multiple offers from various types of tenants that were all seeking an opportunity to tap into the sought after Upper West Side consumer market.” Robert Kempner, a director at ABS said, “Ownership was very selective about the type of tenant that they wanted for the corner space of the building. Ultimately, we determined that COCO-MAT’s attractive product mix, coupled with a great looking showroom, provided an added value to the residents of the neighborhood and to the building itself.” Tergesen and Kempner represented the landlord, W 7879 LLC, while Greg Covey and Hunter Rief of RKF represented the tenant. Asking rent was $220 per s/f. 2220 Broadway is a 13-story commercial and residential building in Manhattan. The building is located in the heart of the Upper West Side, close to a collection of restaurants, bars, shops and is two blocks from the Museum of Natural History. 2200 Broadway is accessible via the 1 and 2 subway lines and the M79 and M104 bus routes, which stops directly across the street.