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Valley Bank has renewed its lease for 4,500 square feet of bank branch space at 1040 Ave. of the Americas in Midtown Manhattan

Valley Bank Renews Branch Lease at 1040 Ave. of the Americas

Valley Bank has committed to a new 10-year lease at its current location at the base of 1040 Ave. of the Americas. Newmark Retail vice chairman Jeffrey D. Roseman represented owner Skyline Developers, the New York affiliate of Garden Homes Development.  

The branch will be reconfigured to occupy approximately 4,500 square feet on the corner and mezzanine level. Newmark is marketing the remaining portion of the space on behalf of Skyline Developers, offering approximately 2,255 square feet on the ground floor between 39th and 40th streets next to the building’s lobby.  

“Valley Bank’s strong commitment to this location demonstrates the continued strength of the neighborhood and the vibrant retail market in New York City,” said Roseman. “With Angelina Bakery, Starbucks and Valley Bank, this block will remain well positioned for years to come.”  

JLL’s Matthew Schuss, Jesse Wolf and Jeff Szczapa represented Valley Bank.  

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Inside The Story

Newmark's RosemanJLL's Schuss

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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