Search
 

Fleet Signs Deals for Branches, ATM Centers

NEW YORK CITY-Fleet Bank will open two branch banks and two ATM locations by the end of the year as part of its ongoing expansion/renovation program. The bank is spending $22 million over the next two years to nail down its New York presence.

By Glen Thompson | Updated on August 07, 2002

NEW YORK CITY-Known for its unmistakable green signage and the sleek décor of its branch banks, FleetBoston Financial Corp. has just signed four new Manhattan leases. As part of its ongoing $22-million expansion program, the bank will open two branch locations and two remote ATM Centers by year’s end.

Both branch offices have 10-year lease terms. They include a 5,300-sf storefront location across the street from Macy’s at the Herald Center, 1293 Broadway, a portion of which was formerly part of a Toys R’ Us store; and 1775 Broadway at 57th Street, totaling 3,200 sf, which used to be the home of Coliseum Books. Asking rents were $250 per sf at Herald Center and $300 per sf at the Broadway property.

The remote ATM Centers are 599 Lexington Ave., a 1500-sf space to accommodate four ATM’s under a 10-year lease, and 2301 Broadway at West 83rd Street, consisting of 750 sf, which will house two ATM machines under an eight-year commitment. Asking rents at 599 Lexington are $225 per sf and $200 at 2301 Broadway.

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.