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Drug Chain Fills Prescription for Space

NEW YORK CITY-Duane Reade has signed on for 15,300 square feet of retail space at W&H Properties' 1350 Broadway.

By Paul Bubny | Updated on February 18, 2009

NEW YORK CITY-Regional pharmacy chain Duane Reade has committed to a multi-level space at 1350 Broadway, thus completing a retail leasing program at the 25-story office property. Fred Posniak, SVP of W&H Properties, tells GlobeSt.com that the 15,300-square-foot store will showcase the chain’s new prototype.

The Duane Reade follows Sovereign Bank’s lease of 4,000 square feet at the property, announced last October. “Through these two deals, all of the available retail space at the property was leased approximately within the span of a year above leasing projections,” says Posniak in a release. “That’s pretty remarkable in today’s market.”

The space includes part of the ground, second and lower levels, with 20-foot ceiling heights on the ground level and large storefront windows on three sides. It also sports more than 300 feet of wrap-around signage with frontage on Broadway, Avenue of the Americas and Herald Square Park.

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