Best Buy switches onto 28,000 s/f Silverstein space.The Fifth Avenue retail corridor just west of Grand Central received a major boost as Best Buy Co., Inc., one of the nation's largest consumer technology and electronic products retailers, committed to a 28,840 s/f lease at 529 Fifth Avenue. Best Buy plans to open its first Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan, multi-level superstore in the Silverstein Properties-owned building. Acting as exclusive leasing agents for building owner Silverstein Properties, the CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Retail Services team of Jedd Nero and Robert Gibson Robert Gibson may refer to:
In addition to Mr. Nero and Mr. Gibson, Silverstein Properties' Managing Director Catherine Giliberti represented the building's owner. The highly-visible, multi-level space encompasses the ground, concourse and mezzanine levels Mezzanine level The period in a company's development just before it goes public. of 529 Fifth Avenue. The asking rent was $200-psf for the ground floor space and $45-psf for the mezzanine and concourse levels. "The multi-level space offered an incredible branding opportunity to Best Buy," said Mr. Nero. "The demographics of this section of the Fifth Avenue corridor, which boasts a combination of vibrant office sector traffic and Grand Central Terminal's daily commuters--traveling to and from their homes in Westchester and Connecticut--was a key issue that attracted Best Buy to the space." Located on the southeast corner of Fifth Avenue and East 44th Street, 529 Fifth Avenue is a modern, 19-story office tower built in 1959 utilizing the steel skeleton of an 11-story former banking institution. The property is ideally situated in the heart of Manhattan's premier shopping district, steps away from the New York Public Library New York Public Library, free library supported by private endowments and gifts and by the city and state of New York. It is the one of largest libraries in the world. , Grand Central Terminal, Bryant Park Bryant Park is a 9.603 acre (39,000 m²) public park located in the New York City borough of Manhattan. It is bounded by Fifth Avenue, Sixth Avenue, 40th Street and 42nd Street in Midtown Manhattan.[1] The central building of the New York Public Library is in the park. , and in close proximity to Times Square. |
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