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Target Leases 43K SF Retail Space At 112 W 34th St, New York

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LEASED

New York

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Retail43,000 SF
Leased 03/23/2017
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LEASED

Target Leases 43K SF Retail Space At 112 W 34th St, New York

112 W 34th St, New York, NY, 10120

See Similar Deals
Retail43,000 SF
Leased 03/23/2017
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:43,000 SF
Transaction Type:Lease

The property at 112 W 34th St, New York, NY, 10120, is a retail asset with a square footage of 43,000. It is located in the Herald Square area of New York, close to Penn Station. The area is a bustling commercial hub, attracting a high volume of foot traffic due to its proximity to the flagship Macy's department store.

Summary of transaction details:

The deal involved key individuals and companies such as Shanae Ursini from Empire State Realty Trust, who represented the landlord. Peter Ripka, Richard Skulnick, and Jeffery Howard of Ripco Real Estate represented the tenant, Target, in the lease agreement. The involvement of these professionals contributed to the successful conclusion of the transaction, paving the way for Target to establish a significant retail presence in the Herald Square area.

Players

Peter Ripka
8 deals
BROKER

Shanae Ursini
Empire State Realty Trust
12 deals
BROKER

Richard Skulnick
15 deals
BROKER

Empire State Realty Trust
LANDLORD

Details

LEASED
IMAGE: 03/23/2017 ADDRESS: 112 W 34th St, New York, NY, 10120 MARKET: New York ASSET TYPE: Retail LANDLORD'S REP: Shanae Ursini(Empire State Realty Trust (ESRT)) BROKERS: Peter Ripka(Ripco), Richard Skulnick() TENANT: Target LANDLORD: Empire State Realty Trust Landlord SQUARE FEET: 43000

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Deal Type
Effective Rent (Annual)

$2,464,734.05

Total Lease Value

$24,647,340.52

Net Landlord Cash Flow$2,464,734.05