CBRE has completed a 19,350-square-foot retail lease at the Astor Building at 217 Broadway with CVS Pharmacy. CVS will occupy 6,850 square feet on part of the ground floor and 12,500 square feet on the second floor of the historic property.
The CBRE team of Bruce Surry, David LaPierre and Kristen Crossman represented the ownership, Columbus Properties Inc., which acquired the property in 1983 and competed extensive renovations, adding a three-story penthouse to the building that was the original site of famed Astor Hotel, built by John Jacob Astor between 1832 and 1836.
“The retail space at the Astor Building offers amazing visibility with direct sight lines from One World Trade Center and the Fulton Transit Center and an incredible branding opportunity, flanked on either side by landmarks such as St. Paul’s Chapel and City Hall,” said LaPierre.
Ariel Schuster, Brandon Eisenman and TJ Cholnoky of Newmark represented CVS Pharmacy in the 15-year lease.