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Kecia Steelman Of Ulta Beauty Leases 26,000 Square Feet At 1551 Broadway Times Square
LEASED
New York
See Similar DealsRetail26,000 SF
Leased 06/04/2026
LEASED
Kecia Steelman Of Ulta Beauty Leases 26,000 Square Feet At 1551 Broadway Times Square
1551 Broadway
See Similar DealsRetail26,000 SF
Leased 06/04/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:26,000 SF
Transaction Type:Lease
The asset involved in this transaction is a retail property located at 1551 Broadway in the Times Square market. The property encompasses a total of 26,000 square feet, spread across four levels. It will be occupied by Ulta Beauty, which has replaced American Eagle, and includes a prominent 250-foot LED billboard as a part of the property lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1551 Broadway
- Market: Times Square
- Landlord: Jeff Sutton - Wharton Properties
- Tenant: Kecia Steelman - Ulta Beauty
The key individuals in this transaction include Jeff Sutton, representing the landlord Wharton Properties, and Kecia Steelman, representing Ulta Beauty as the tenant. This transaction marks a significant lease agreement as Ulta Beauty takes control of the entire property.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,490,304.31
Total Lease Value
$14,903,043.10
Net Landlord Cash Flow$1,490,304.31
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