Murray Hill/TCN holds broker event at Continental Building

Real Estate Weekly, July 25, 2001

Murray Hill Properties recently hosted a broker event at 1450 Broadway for its retail space in The Continental Building, located on the corner of Broadway and 41st Street. In the spirit of the season, the event was a lunch reception boasting a "commencement exercises" theme with "cum laude" door prizes.

Recently acquired by Murray Hill Properties/TCN Worldwide, 1450 Broadway is a striking fixture in Midtown Manhattan. Also known as The Continental Building, it boasts 42 floors of prime space for both office and retail tenants with 340,000 SF of office space and 8,000 SF of retail space. With prestigious office tenants including Disney and Liz Claiborne, Murray Hill Properties is currently marketing the office space and 8,650 SF of exceptional retail space at The Continental Building. The retail space includes '7,000 SF of basement space and. can be expanded to 12,000 SF on the second floor. Murray Hill Properties/TCN Worldwide is the exclusive leasing agent.

The retail space enjoys extremely high visibility on the southeast corner of Broadway and 41st Street and is conveniently located at the crossroads between Times Square and the Garment Center. The space itself boasts high-ceilings between 15 and 21 feet high and expansive showcase opportunities perfect for the discerning retailer as well as substantial frontage with 165 feet on 41st Street and 40 feet on Broadway. Located in a highly trafficked area with seven-day heavy pedestrian activity, the space is ideal for financial institutions such as commercial banks and brokerage houses and upscale chain retailers.

Representing 1450 Broadway's impressive retail space are Alyne Model' and Rob Nager, Executive Directors for the Retail Division of Murray Hill Properties/TCN Worldwide. With combined experience of over forty years in the retail leasing arena, both Alyne and Rob have worked for such prestigious clients as Avon Products, The Museum Company, The Gap, Dreyfus Service Corp., First Republic Bank, Citibank, FX Cable, the U.S. Post Office, Pier 1 and Staples.

"For any retailer looking for real identification, this is a great opportunity for excellent signage and superb visibility," stated Alyne Model, executive director.

"With the area's revitalization almost complete, the timing to join the 42nd Street commercial district is perfect. We have an opportunity to create a three-story retail space with 200 feet' of frontage on Broadway and 4lst Street," said Rob Nager, executive director.