W&H Properties brings 90,000 s/f on the market at 112 West 34th Street

A global marketing campaign is underway for one of Manhattan's most spectacular retail spaces to come on the market in years: nearly 90,000 s/f on three levels at W&H Properties' 112 West 34th St., located on one of the busiest retail corridors in the world, directly opposite Macy's world flagship store, and adjacent to the nation's busiest transit hub. The assemblage becomes available in 2015. "This is a worldwide outreach because no other space availability in recent memory offers a comparable scope of opportunity for an international retailer," said Anthony Malkin, president of Malkin Holdings, which supervises the W&H portfolio. "In terms of visibility, pedestrian traffic, easy access to multiple transit lines, and proximity to the world's largest department store, there is nothing like it." Malkin notes that Macy's attracts more than 20 million visitors annually and that the 34th Street Corridor is one of the most densely trafficked thoroughfares in Manhattan, with an excess of 100 million pedestrians every year. In addition, 112 West 34th St. is next to an entrance of the city's busiest mass transit hubs, servicing over 233 million commuters per annum. During the Macy's Thanksgiving Day Parade, the tenant will have exposure to 50 million national television viewers and 3.5 million attendees. "The street's strength and the versatility of consumers it attracts appeals to global tenants of all sizes," said Malkin. "For example, Swatch Group recently opened an 'Hour Passion' concept store at the building, in a space leased at $1,000 per s/f." The available retail block, most of which is presently occupied by Foot Locker, encompasses 28,651 s/f on the second floor, 23,888 s/f on the ground floor, and 36,990 s/f on the lower level, with unusually high slab to slab clear heights and a dedicated loading dock.