Leading retail brokers help iconic fashion footwear retailer relocate and expand, within its long-established UES neighborhood at 1277 Third Avenue
Gregory Tannor, Executive Vice President/Principal, and Corey Horowitz, Executive Managing Director/Principal of Lee & Associates NYC LLC have arranged a long-term lease for The Shoe Box, at 1277 Third Avenue, between East 73rd and East 74th Streets. An Upper East Side fashion staple for more than two decades, the family-owned designer footwear retailer signed a 15-year lease, with five-year option, for a 3,600-square-foot, double-level space, formerly occupied by a Scoop NYC Men’s Store. Move-in is anticipated within the next month.
“It was important for us to help a revered retailer remain in its neighborhood,” says Mr. Tannor, who spearheads the KT Group at Lee NYC. “We saw an opportunity for a welcome expansion only a few blocks from their other store, and we ran with it!”
Adds Mr. Horowitz, “This is a retail family that knows how to position their brand and stay current, which is why The Shoe Box continues to thrive in brick and mortar and e-commerce. The move will be a quick turnaround, so none of their loyal customers will have to miss the newest styles.”
Neighboring stores include Gracious Home, Olivia & Bette’s, Shynn and Men’s Wearhouse, among others. Messrs. Tannor and Horowitz represented the tenant. The landlord, Peter Franco, was represented by Glasser Realty LLC. Asking rent was $186 per square foot.
About Lee & Associates NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at www.leeassociatesnyc.com
About Lee & Associates
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link our company blog.