NEW YORK CITY-CBRE is marketing a prime spot of multi-level retail space at 589 Fifth Ave., GlobeSt.com has learned. Chase Bank, whose lease there ends October 1, 2012, currently occupies the 35,000 square feet of space.
Jedd Nero, a CBRE executive vice president heading up the effort, tells GlobeSt.com that he anticipates interest in the space to reflect the growing popularity of retail slots on Fifth Avenue below 52nd Street—previously considered a distant second choice.
He points to Zara, Tommy Bahama, Quicksilver and others that have committed to spaces even below 49th Street, including a lease he brokered for retailer H&M on Fifth Avenue and 42nd Street.
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