Search
 

Despite Dismal Retail Scene, Circuit City Takes 25,000 SF

NEW YORK CITY-Although recent retail performance has been dismal, electronics retailer Circuit City will set up shop at a two-story, 25,000-sf location at 2234 Broadway. The store will feature 100 sf of frontage on 80th Street.

By Betsy Kraat | Updated on July 11, 2001

NEW YORK CITY-Citizens of the Upper West Side need no longer mourn for HMV’s departure from its 72nd Street location. A new Circuit City is coming to Broadway and 80th Street. The retailer signed a 15-year lease for the new location. Robert K. Futterman & Associates is the exclusive broker for the electronics retailer.”The Upper West Side is the most densely populated residential area in Manhattan–providing a terrific venue for major consumer goods retailers,” says Robert K. Futterman, CEO of Robert K. Futterman & Associates. “Circuit City will benefit tremendously from the location’s high pedestrian traffic, excellent visibility and transportation access as well as a lack of competition in the area.”Besides HMV, another entertainment and electronics retailer, many other firms have been reducing their Manhattan retail presence. Disney will close its 10,000-sf store on 34th Street, and Old Navy plans to close a 22,000-sf store at 503 Broadway. Other retailers closing stores include the Gap, Restoration Hardware, Lechters and Guess. A softening market and sky-high rents have been the major cause of these retailers’ woes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.