Top Sales and Leases Recognized Nationally
The 20-year deal signed in October by the Atlanta-based home goods seller is the largest retail lease in New York signed in the past three years, according to CoStar data. Home Depot intends to take over a building that is scheduled to be vacated this year by Bed Bath & Beyond at 401 E. 60th St. on Manhattan’s Upper East Side.
Gazit Horizons, a subsidiary of Israel-based Gazit Globe, owns the retail condominium portion of the 38-story apartment building known as Bridge Tower Place, where Home Depot is relocating.
Construction is expected to commence this year and Home Depot is projected to move from its current location at 731 Lexington Ave., where the retailer’s lease for 78,600 square feet runs through January 2025.
Peter Ripka of Jericho, New York-based Ripco Real Estate represented both the landlord and the tenant in the lease
The 20-year deal signed in October by the Atlanta-based home goods seller is the largest retail lease in New York signed in the past three years, according to CoStar data. Home Depot intends to take over a building that is scheduled to be vacated this year by Bed Bath & Beyond at 401 E. 60th St. on Manhattan’s Upper East Side.
Gazit Horizons, a subsidiary of Israel-based Gazit Globe, owns the retail condominium portion of the 38-story apartment building known as Bridge Tower Place, where Home Depot is relocating.
Construction is expected to commence this year and Home Depot is projected to move from its current location at 731 Lexington Ave., where the retailer’s lease for 78,600 square feet runs through January 2025.
Peter Ripka of Jericho, New York-based Ripco Real Estate represented both the landlord and the tenant in the lease
