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Nordstrom Boosts Planned Manhattan Store

NEW YORK CITY—The upscale retailer has signed a new lease for space at Columbus Circle, adding to its expected presence in Midtown West.

By Rayna Katz | raynakatz | | Updated on January 28, 2016
Nordstrom will anchor three levels of 3 Columbus Circle with a new, 43,000-square-foot store. Nordstrom will anchor three levels of 3 Columbus Circle with a new, 43,000-square-foot store.
NEW YORK CITY—Even though Manhattan’s first Nordstrom hasn’t opened yet, the store already is expanding. SL Green Realty Corp . and the  Moinian Group  have signed a 43,000-square-foot, 23-year lease with the upscale department store to anchor three levels of retail space at 3 Columbus Circle. The new store will serve as an expansion of the  Nordstrom full-line flagship store , which is slated to debut on West 57th Street in 2018. The transaction involved a series of lease modifications and relocations—including the buyout of the corner bank branch in advance of lease expiration—continuing SL Green’s strategy of replacing below market leases throughout its portfolio, according to an announcement from both companies. New Yorkers have waited a long time to welcome Nordstrom, a retailer that flourishes throughout the United States and which will further solidify Midtown Manhattan as the destination for high-end retail shopping,” notes  Brett Herschenfeld , SL Green managing director, “We are thrilled that such a prestigious, world-class retailer will anchor 3 Columbus Circle at the corner of Broadway and 57th Street.” Derek Trulson  from  JLL  and  Stephen Stephanou  from  Crown Retail Services  represented Nordstrom while  Jeff Winick  of  Winick Realty  Group acted on behalf of the landlord.  

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