Lidl Signs 15-Year Lease For 23,000 SF Retail Space At 335 Eighth Avenue In New York

Germany-based discount grocery store chain Lidl has signed a 15-year lease for 23,000 square feet of retail space at 335 Eighth Avenue in New York. The lease terms include an asking rent of $65 per square foot. The location, scheduled to open in 2025, will be Lidl's second store in Manhattan. The lease was facilitated as part of a deal with developer MAG Partners, who also built an affordable housing development at the same location.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 335 Eighth Avenue, New York
• Market: New York
• Tenant: Lidl
• Landlord: MAG - MaryAnne Gilmartin
• Landlord's Rep: Alan Schmerzler, Sean Moran, Catherine Merck and Patrick O'Rourke - Cushman & Wakefield
• Tenant's Rep: Stephen Sjurset, David LaPierre, Robert Bonicoro & Duane Davis - CBRE

Notable individuals involved in the lease deal include Alan Schmerzler, Sean Moran, Catherine Merck, and Patrick O'Rourke from Cushman & Wakefield, who represented the landlord, and Stephen Sjurset, David LaPierre, Robert Bonicoro, and Duane Davis from CBRE, who represented Lidl as their tenant's representatives.