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Staples to open in Big Apple at Green's 16 East 34th St.

In a real estate transaction that marks the start to a major expansion into the New York marketplace, Staples, the giant office supplies chain, has leased 10,000 square feet of ground floor retail space at 16 East 34th Street for its first Express store in The Big Apple.

The company plans to eventually open 30 such stores throughout New York City.

The long-term $5 million leasing transaction, which provides Staples Express with more than 60 feet of prime frontage on 34th Street, was brokered by its exclusive New York City agent, Peter Cirlin of 2001 Real Estate. Stephen Green, Richard Farley and Ben Feldman of S L Green Real Estate represented the building's new ownership.

The 34th Street Staples Express is expected to open in July.

Since being acquired from the Bank of New York in September by a jointventure comprised of S L Green Real Estate and clients of Loeb Partners Realty, 16 East 34th Street has already signed up three major tenants. In addition to Staples, full office floors ranging from 13,8000 to 16,1000 square feet have been leased to Guideposts, a publishing firm, and Frenkel & Hershkowitz, a law firm.
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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Article Type:Brief Article
Date:Apr 8, 1992
Words:195
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