Among largest retail spaces available south of Houston Street in lower Manhattan
NEW YORK, May 18, 2015 /PRNewswire/ — The New York office of Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm announced they have secured an exclusive listing for 31,700 rsf of retail space at 116 Nassau Street, the prominent 141,000 sf, 12-story office building located on the North East corner of Nassau and Ann Streets in Lower Manhattan.
The CBC Alliance New York team, led by managing principal Catherine O'Toole, Gregory Gang and David Danick are currently marketing the space, which represents one of the largest retail components available south of Houston Street in the emerging lower Manhattan market. The space is comprised of three available floors at 116 Nassau Street, which includes:
- 11,800 rsf available on the ground floor
- 12,900 rsf available on the second floor
- 7,000 rsf available on the lower level
In addition, the space includes approximately 95 feet of frontage on Nassau Street and 110 feet of frontage on Ann Street. The property also offers private service and freight elevator, as well as a number of separate entrances from both Nassau Street and Ann Street for tenants.
"This is simply the most unique retail space on the market in Lower Manhattan," said Gregory Gang. "In addition to being the largest space available, 116 Nassau sets the benchmark for high quality retail product in the city. This exceptional, highly visible property offers great flexible space and fantastic signage opportunities, combined with the wealth of area amenities lower Manhattan brings. Demographically this property is ideally situated to service the needs of the residents, full time workers, students and annual visitors all making lower Manhattan so special."
CBC Alliance previously secured a multi-floor office leasing assignment for 116 Nassau Street in late 2014 and have already closed three major leases at the property, including a 11,365 square-foot lease for Park Row South Nassau Street LLC, a 9,000 square-foot lease for the New York City Gay and Lesbian Anti Violence Project, and a 6,134 square-foot lease for TAP Electrical Contracting Service on the 9th floor.
The CBC Alliance NYC team will also be at the upcoming ICSC RECon show in Las Vegas, taking place May 17-20, 2015, to discuss the available 116 Nassau Street retail space with any interested retailer attendees.
About 116 Nassau Street
The building was originally built around 1910, but has undergone extensive renovations to modernize each available space. It features an abundance of natural light from all four sides of the upper floors, as well as high ceilings in every unit. Other amenities include a 24/7 access with an attended lobby during business hours and tenant-controlled central air conditioning. The anchor tenant is Abacus Federal Savings Bank which includes a retail branch in the building.
The building benefits from its great placement on the north side of the Financial District within walking distance of the area's major landmarks. In addition, several transportation opportunities are nearby at 116 Nassau Street, anchored by the new Fulton Center including numerous subway lines and the PATH line, and the area includes a variety of dining and shopping offerings. For more information on the available retail space or to discuss leasing opportunities at the property, please contact Gregory Gang at Gregory.Gang@cbcalliance.com.
About CBC Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. The firm currently has offices in New York, Los Angeles and Orange County, Calif., Dallas, Miami, and Denver. The company is also an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization and one of the top offices in the firm's global network of over 200 offices and 3,000 brokers.
CBC Alliance was founded by Waterfall Asset Management (Waterfall), an investment adviser. The parent company of CBC Alliance is a real estate finance company that acquires, originates, manages and finances commercial loans as well as asset-backed securities and other real estate-related investments.
Media inquiries, contact:
Tom Nolan – Email
212-741-2977