Newmark Grubb Knight Frank Retail has been named the exclusive leasing agent for the retail space at 261 Broadway between Chambers and Warren Streets. Situated at the base of a 63-unit, pre-war, co-op building, the space comprises 3,411 square feet on the ground floor and potentially an additional 5,150 square feet of lower level space. Located in Tribeca, 261 Broadway is surrounded by 32 million square feet of Class A office space and is within steps of 11 subway lines.
Ross Kaplan, senior managing director, and Kate Cohen, associate director, of Newmark Grubb Knight Frank Retail are marketing the space on behalf of the landlord.
The landlord will be installing a brand-new all-glass storefront, and restaurant uses will be considered as the space also may be vented for cooking. "With the new faade, coupled with tons of foot traffic on Broadway, this location will be hard to miss," says Mr. Kaplan.
Ms. Cohen also states, "Being situated in Downtown Manhattan, the area combines a great mix of strong commercial and residential density."
Neighbors include Duane Reade, Bank of America, Chase Bank, Chipotle Mexican Grill, Potbelly' Sandwich Shop, TD Bank, Le Pain Quotidien and Equinox Health Club.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents.
Newmark Grubb Knight Frank's integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.