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Authentic Brands Group Expands Retail Space At 1411 Broadway In Midtown Manhattan For $75/SF

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LEASED
$75
Neil King
Emily Jones Chabrier
+ 2

New York

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Retail100,000 SF
Leased 12/04/2024
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Property Image
LEASED

Authentic Brands Group Expands Retail Space At 1411 Broadway In Midtown Manhattan For $75/SF

1411 Broadway

See Similar Deals
Retail100,000 SF
Leased 12/04/2024
Neil King
Emily Jones Chabrier
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:100,000 SF
Transaction Type:Lease

The asset involved in this transaction is a retail space located at 1411 Broadway in Midtown Manhattan. The lease agreement involves an asking rent of $75 per square foot for a total space of 100,000 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $75/ft
  • Address: 1411 Broadway
  • Market: Midtown Manhattan
  • Landlord: Nathalie Palladitcheff - Ivanhoe Cambridge & Connor Kidd - Swig Co
  • Tenant: Jamie Salter - Authentic Brands Group
  • Landlord's Representative: Emily Jones Chabrier, Neil King, Paul Amrich & Shay Kenney - CBRE
  • Tenant's Representative: Michael Beyda - Benchmark Properties
  • Total Space: 100,000 square feet
  • Expansion Size: 25,000 square feet

The deal features Jamie Salter, representing Authentic Brands Group as the tenant, while the landlords, a venture of Ivanhoe Cambridge and Swig Co., are represented by a team from CBRE. The transaction signifies a strategic expansion for Authentic Brands Group, highlighting its continued growth within the retail sector.

Players

Paul Amrich
37 deals
BROKER

Neil King
CBRE
29 deals
BROKER

Emily Jones Chabrier
CBRE
15 deals(408) 832-3575
BROKER


Michael Beyda
Benchmark Properties
7 deals$40M volume(917) 747-9613
BROKER

Benchmark Properties
BROKERAGE

Details

LEASED
IMAGE: Jamie Salter, Michael Beyda, Connor Kidd, Nathalie Palladitcheff, Paul Amrich, Emily Jones Chabrier, Neil King & Shay Kenney DATE: 12/04/2024 ADDRESS: 1411 Broadway MARKET: Midtown Manhattan ASSET TYPE: Retail LANDLORD: Nathalie Palladitcheff - Ivanhoe Cambridge (@IvanhoeCambridge) & Connor Kidd - Swig Co TENANT: Jamie Salter - Authentic Brands Group (@WeAreAuthentic) LANDLORD'S REP: Emily Jones Chabrier, Neil King, Paul Amrich & Shay Kenney (@Shay_Kenney) - CBRE (@CBRE) TENANT'S REP: Michael Bedya - Benchmark Properties ASKING RENT: $75/ft ~ SF: 100,000 NOTE: Authentic Brands Group signed a lease to expand its space at 1411 Broadway by 25,000 square feet, bringing its total footprint to 100,000 square feet. The apparel brand management company, represented by Benchmark Properties, will pay an asking rent of $75/sf, while the property's owner, a venture of Ivanhoe Cambridge and Swig Co., was represented by CBRE.

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Deal Type
Effective Rent (Annual)

$8,597,909.48

Total Lease Value

$85,979,094.84

Net Landlord Cash Flow$8,597,909.48