NEW YORK CITY-Filene’s Basement is taking over 22,700 square feet of retail space formerly occupied by Circuit City, in a 12-year lease that will nearly double its Upper West Side footprint along Broadway between 79th and 80th streets. The new space, at 2234 Broadway, is adjacent to its existing 32,000-square-foot location at 2220 Broadway.

The 2220 Broadway location, which the retailer has occupied since 1993, “is among Filene’s Basement’s most popular and successful in the New York region,” says Cushman & Wakefield’s EVP of retail services, Robert Gibson, in a release. “Under new ownership, the brand is in growth mode and this represented the right opportunity at the right time.” Filene’s was acquired last year by Syms Corp.

C&W says Syms plans to keep both stores, using the 2234 Broadway space to expand the offerings now available at 2220 Broadway, which was the first Filene’s location in Manhattan. Additionally, the new store will house a Syms Tailored & Tux location, reportedly the first of its kind in New York. The new store is scheduled to open this summer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.