Helmsley Spear, LLC, America’s oldest continuously operating real estate firm that was founded in 1866, is pleased to announce that it has brokered a new lease on Manhattan’s Upper East Side totaling 1,750 square feet. This lease was announced by Kent M. Swig, President of Helmsley Spear.

“We are thrilled that Helmsley Spear is establishing itself as an Upper East Side retail deal maker. We expect to see additional leasing activity in prime Manhattan markets in the coming months,” said Kent Swig.

Scott M. Bloom, Senior Vice President of Helmsley Spear represented the tenant in this lease and Kevin P. Daly represented the landlord, Rudin Management Co., Inc. The lease term is 15.5 years and it is for the entire ground floor.

“Having been a neighborhood store for decades, we are pleased to have Tower Chemists as a tenant in one of the Upper East Side’s most sought after luxury rental buildings,” said Mr. Bloom.

Tower Chemists is a specialty pharmacy with a state of the art retail facility. The multi lingual staff accommodates clients with personalized service and a vast selection of specialized health care products including producing “what customers ask for.”

About Helmsley Spear

Since 1866, Helmsley Spear has been a leader in commercial real estate creating legendary deals that are the cornerstones of the real estate industry, and is the oldest, continually operating real estate firm in America. Evolving from a real estate appraisal company to a full-service firm providing highly-skilled, professional performance and bottom-line profitability for its clients, Helmsley Spear provides property owners and users of real estate with a full array of services including: office and retail leasing; property and asset management; capital advisory services; investment sales and financing; project development and construction management; preventative maintenance and engineering; insurance services and appraisal. Helmsley Spear is independently owned and operated with offices in New York and San Francisco.