CBRE represented ownership in a 19,350-square-foot retail lease at the Astor Building, 217 Broadway, with CVS Pharmacy. The drugstore chain will occupy 6,850 square feet on part of the ground floor and 12,500 square feet on the second floor of the historic property in Downtown Manhattan.
The CBRE team of Bruce Surry, David LaPierre and Kristen Crossman represented the ownership, Columbus Properties, Inc., which acquired the property in 1983 and completed extensive renovations.
“The retail space at the Astor Building offers amazing visibility with direct site lines from One World Trade Center and the Fulton Transit Center and an incredible branding opportunity – flanked on either side by landmarks such as St. Paul’s Chapel and City Hall,” said LaPierre.
Newmark’s Ariel Schuster, Brandon Eisenman and TJ Cholnoky represented CVS Pharmacy in the 15-year lease.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.