Magazine scores hole in one with new downtown location.Grubb & Ellis Company announced that The World of Golf signed a long-term lease for 3,000 square feet at 74 Broad St. in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . Gary Schwartzman, associate managing director Grubb & Ellis New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Inc., and Dan Gronich, chairman Grubb & Ellis New York Inc., represented The World of Golf in its relocation from 189 Broadway. The World of Golf was forced to relocate when the MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. exercised its right of eminent domain that superior dominion of the sovereign power over all the property within the state, including that previously granted by itself, which authorizes it to appropriate any part thereof to a necessary public use, reasonable compensation being made. (Law) See under Domain. , reclaiming the block the building sits on for a new transportation hub Transportation hub is a location where traffic is exchanged across several modes of transport. These modes may include any of railway, tramway, rapid transit, bus, automobile, truck, airplane, spacecraft, ship, ferry, pedestrian or any other kind of transportation. . Grubb & Ellis accomplished for The World of Golf what many displaced smaller retailers haven't. Many of them are faced with going out of business given the shortage of retail space. "We are pleased because we were able to reposition The World of Golf to a ground floor space, within its budget, in a very tight retail market," said Gronich. "The World of Golf is one of the nation's most important retailers of golf equipment, golf apparel and golf accessories. The original store on 147 E. 47th St., established in 1968 and still operating in the same location, is the single busiest golf store in the nation," notes Schwartzman. The second floor of 189 Broadway, at the corner of Broadway and Dey Street, was The World of Golf's second location, opened about eight years ago. It turned out to be a great site given Lower Manhattan's unique mix of high pedestrian traffic from tourists and Wall Street workers, many of whom golf. The new location is well situated because 74 Broad St. is a stand-alone building with excellent visibility. "It's still in the heart of Wall Street, surrounded by international corporations and new luxury condo conversions Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units. . And it's across the street from the future location of the new Hermes store," Schwartzman said. "We're confident significant retailers of all types will continue to take stores Downtown to service the rapidly increasing affluent residential population." The World of Golf will be opening a new location in Bedford, this spring. Robert Frischman of JDF JDF Job Definition Format (XML-based format for workflow and control information) JDF Jamaica Defence Force JDF Juvenile Diabetes Foundation International JDF Job Description Form JDF Japan Defense Force JDF Jackson Drop Forge Company Realty represented the owner of 74 Broad St., Oscar Gruss & Son. |
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