2 Herald SquareNEW YORK CITY—Although maybe not quite a miracle, Ulta Beauty is coming to 34th Street. The nation's largest beauty retailer has signed a 12,040-square-foot lease with SL Green, New York City's largest office landlord, to open a new location at 2 Herald Square. Terms of the lease were not disclosed. But a source close to the deal tells GlobeSt.com that asking rents were $550 per square foot in the 10-year deal.
The 369,000-square-foot, mixed-use property is in one of Manhattan's best retail submarkets. Located at the intersection of Sixth Avenue, Broadway and 34th Street, the area exceeds 100 million people in foot traffic each year.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
