Schutz Signs 10-Year Lease For 8,000 SF Flagship Location At 540 Broadway, SoHo

Schutz, a footwear retailer, has signed a 10-year lease for an 8,000-square-foot flagship location at 540 Broadway in SoHo, New York. The retail space, located in the vibrant market of SoHo, will serve as Schutz's new flagship store and is owned by Broadway Continental Group. The lease was facilitated by Nicholas Judson of Judson CRE, who represented Schutz in the deal. The asking rent for the space was $400 per square foot, resulting in a total transaction value of $3.2 million.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3.2 million
• Address: 540 Broadway, SoHo, New York
• Market: SoHo

The landlord, Broadway Continental Group, agreed to lease the 8,000-square-foot space to Schutz for a period of 10 years. This long-term lease provides Schutz with a prime location in one of New York City's most sought-after retail districts. The deal signifies Schutz's commitment to expanding its brand presence and offering a unique shopping experience to its customers in the heart of SoHo.