NEW YORK CITY-CBRE is marketing a prime spot ofmulti-level retail space at 589 Fifth Ave., GlobeSt.com haslearned. Chase Bank, whose lease there ends October 1, 2012,currently occupies the 35,000 square feet of space.
Jedd Nero, a CBRE executive vice presidentheading up the effort, tells GlobeSt.com that he anticipatesinterest in the space to reflect the growing popularity of retailslots on Fifth Avenue below 52nd Street—previously considered adistant second choice.
He points to Zara, Tommy Bahama, Quicksilver and others thathave committed to spaces even below 49th Street, including a leasehe brokered for retailer H&M on Fifth Avenue and 42ndStreet.
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