PRESS RELEASE: Soho Flagship Opportunity: Corner Retail Space For Lease

New York, NY – October 21, 2013 – Few retail locations anywhere in the world can compete with SoHo.  The prime intersection of Broome and Mercer Streets in Manhattan’s SoHo, one of New York City’s most celebrated and sought-after upscale shopping destinations, is available for long- or short-term lease.           

Eastern Consolidated Senior Director Adelaide Polsinelli, acting on behalf of a national real estate investor, is marketing the 10,000-square-foot retail space on the southwest corner of Broome and Mercer.  The address is 453-455 Broome Street, aka 57 Mercer Street.

“Featuring 50 feet of frontage on Broome and 95 feet on Mercer, the space would ideally suit a global or boutique brand,” noted Ms. Polsinelli who added that designers such as Kate Spade, Catherine Malandrino, Suit Supply, UGG, Paige, and Helmut Lang all have stores within the nearby vicinity.    “The pedestrian and vehicular traffic at that intersection is strong and eclectic.”

Formerly occupied by Gourmet Garage, the ground and lower level space of the distinguished 6-story cast iron building is currently vacant. A retail tenant could take immediate occupancy.

“It’s rare that such fabulously located space comes to the open market.  We are already getting multiple inquiries from local, national and international tenants,” shared Ms. Polsinelli.

Eastern Consolidated

Founded in 1981, Manhattan-based Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, offering unrivaled expertise in the greater New York marketplace to an impressive worldwide roster of institutional and private investor clients. The 40-person team of brokers, who, combined, offer fluency in 11 languages, come from a wide diversity of entrepreneurial and professional backgrounds.  With annual sales up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition and finance of all types of properties.