News: Brokerage

The UPS Store signs 3,900 s/f retail lease at 149 West 36th St. in Midtown South

Manhattan, NY According to Lee & Associates NYC, The UPS Store, a shipping, printing and business services retailer, has signed a 10-year lease for 3,900 s/f at 149 West 36th St. in the Garment District.

The lease comprises 2,000 s/f on the ground floor, along with 1,900 s/f in the basement level. The tenant is expected to take occupancy in May 2026.

Lee & Associates NYC’s Todd Korren and Noah Caspi represented the landlord, Frangene Co. Kenneth Kronstadt of Newmark represented the tenant.

The UPS Store will relocate from a nearby location, expanding its footprint to better serve the surrounding neighborhood. The new space offers street frontage and increased visibility in one of Midtown South’s most active corridors.

“The UPS Store’s decision to expand and remain in the neighborhood speaks to the strength of the Garment District as a dynamic, mixed-use destination with a built-in customer base spanning office workers, residents and visitors,” said Korren.

The previous tenant at the space was Fashion Terminal Inc.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.
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
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