GU Secures 25,000 SF Retail Lease At 568 Broadway In SoHo

568 Broadway in SoHo, Manhattan, has been leased to Japanese fashion retailer GU. The lease amounts to $3,500,000 per year for a 25,000-square-foot space previously occupied by Forever 21.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000/year
• Address: 568 Broadway
• Market: SoHo, Manhattan
• Landlord: Jared Epstein & Jake Bank - Aurora Capital Associates, Allied Partners, Midtown Equities & A&H Acquisitions
• Tenant: GU
• Broker: Alan Schmerzler - Cushman & Wakefield

Jared Epstein, Jake Bank, and their companies, Aurora Capital Associates, Allied Partners, Midtown Equities, and A&H Acquisitions, facilitated the lease of 568 Broadway to GU. Alan Schmerzler from Cushman & Wakefield represented GU in securing the 25,000-square-foot retail space, located in the vibrant market of SoHo, Manhattan.