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1251 Third Ave. 1251 Third Ave., the new location for a Morton Williams grocery

NEW YORK CITY—The building that housed the former Talbots store located at 1251 Third Ave. at the corner of 72nd Street was vacant for two years. But it now has a 30-year tenant, Morton Williams. The gourmet chain offers organic, all natural, specialty and international foods. The family-owned supermarket founded in 1946 is leasing the two-level,13,000 square-foot space for $2 million per year from 72nd & 3rd Realty, LLC, with a move-in date of April 1.

Constructed in 1966, the 27-story building which has a full address of 1251-1255 Third Ave. also has an alternate address of 201 E. 72nd St. Totaling 206,504 square feet, the structure is mixed-use property, retail and residential, with three retail spaces and 149 co-op units on the upper floors. It is 95% occupied according to Real Capital Analytics. 

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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