Hype signs 10-yr lease

Real Estate Weekly, Feb 6, 2002

Hype, a popular men's clothing store, is expanding its presence at the Manhattan Mall in Herald Square, having signed a 10 -year lease for a 4,197 SF store, according to Karen Bellantoni, managing director at Robert K. Futterman & Associates, who represented both the tenant and the landlord, Argent Ventures, in the transaction.

Located in the heart of Herald Square, which is currently undergoing a retail transformation, Manhattan Mall, at 1275 Broadway between 32nd and 33rd Streets, features 150,000 SF of retail space. Major retail tenants include Express, Victoria's Secret and Strawberry, among others. Manhattan Mall also features a redesigned food court with 700 seats and ten stalls, which are currently being leased. "Herald Square has become one of the top retail destinations in New York City, attracting high-profile retailers such as The Gap, H&M and Victoria's Secret's flagship store," said Bellantoni. "Manhattan Mall tenants are actively renewing their leases and the four-stories of prime retail space is attracting attention from many additional national retailers."

In addition to the exciting new retail activity, the Manhattan Mall recently attracted Bank of America, which signed leases for 180,000 SF of office space.