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NEW YORK CITY-Drugstore chain Duane Reade has leased an18,000-square-foot space at 711 Third Avenue for 20 years. Thelease consists of a basement space spanning 11,000 square feet anda ground floor space measuring 7,000 square feet. The asking rentfor corner ground floor space was $175 per square foot in thearea.
In the transaction, Winick Realty Group's Jeff Winick negotiatedon behalf of the tenant, while an in-house team represented thelandlord, SL Green Realty Corp. For the full story, go toCrain's New York Business .
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