Body Shop squeezes into Times Sq.Newmark Knight Frank Retail has completed a lease at 1568 Broadway with The Body Shop. The internationally renowned cosmetics chain took 1,200 s/f of ground floor space, with a 1,000 s/f mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. . The space sits at the base of the Double Tree Guest Suites Hotel, between 46th and 47th Streets along Times Square's coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. Broadway corridor. Jeffrey D. Roseman, executive vice president, Paul Berkman, senior managing director, and Jason Maurer, associate at Newmark Knight Frank Retail represented the landlord, Highgate Holdings, while Virginia Piterelli of Madison HGCD represented The Body Shop. "Times Square just gets better and better with the addition of some of the world's top companies," said Roseman. "We had tremendous interest from retail concepts across the board for this location, but in the end we wanted to bring a tenant who would add to the burgeoning mix and continue the resurgence re·sur·gence n. 1. A continuing after interruption; a renewal. 2. A restoration to use, acceptance, activity, or vigor; a revival. of Times Square, and The Body Shop will do just that." "Loreal, parent company of The Body Shop, clearly understood the importance of having a presence in Times Square, often dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. the 'world's stage'," continued Berkman. "No doubt equally as compelling is the reported $2 billion in consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. which Times Square generated in 2006 alone." |
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