Foot Locker, Inc. (NYSE: FL), the world’s leading retailer of athletic footwear and apparel, with nearly 3,500 stores around the globe, has signed a new retail lease to retain its flagship location at 112 West 34th Street, in the heart of Manhattan’s bustling 34th Street corridor, announced landlord Empire State Realty Trust, Inc. (NYSE: ESRT).
112 W. 34th Street is located directly opposite Macy’s world flagship store, at the intersection of Broadway, Avenue of the Americas and West 34th Street, where an estimated 100 million pedestrians pass by annually. Foot Locker will consolidate from three floors into 34,200 square feet on a portion of the ground floor and the entire second floor.
The long-term transaction follows on the heels of ESRT’s major retail lease with Sephora, which recently signed a deal for 11,334 square feet of flagship space in the same building.
“Foot Locker’s decision to recast its lease and build a new multi-level flagship store underscores the retail power of 34th Street,” said Thomas P. Durels, ESRT’s Executive Vice President, Director of Leasing and Operations. “With Foot Locker and Sephora already in place, we have one more retail vacancy available at 112.”
Foot Locker operates 3,473 athletic retail stores in 23 countries under the brand names Foot Locker, Kids Foot Locker, Footaction, Lady Foot Locker, SIX:02, Runners Point, Sidestep and Champs Sports.
Landlord representation was provided by Fred C. Posniak of ESRT along with Joanne Podell and Ian Lerner of Cushman & Wakefield. Rob Martin of JLL represented Foot Locker.
35,866 square feet of prime retail space, which includes 7,718 square feet on the ground floor and 28,148 square feet on the lower level, remain available at 112 West 34th Street. For more information, please contact Ms. Podell at 212-841-5972 or joane.podell@cushwake.com.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 10.0 million rentable square feet, as of December 31, 2014, consisting of 9.3 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 728,000 rentable square feet in the retail portfolio.
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