Target Signs Two Manhattan Leases, Will Replace UES Barnes & Noble

Target has signed two Manhattan leases totaling 79,000 square feet, and will replace the Barnes & Noble at the corner of East 86th Street and Lexington, Commercial Observer has learned.

Target signed a 20-year lease with Vornado Realty Trust for the 55,614-square-foot retail condo at the base of 150 East 86th Street, according to property records.

Barnes & Noble announced earlier this week that it would be permanently closing that location and that it’s looking for a smaller location nearby, according to Patch.


RSK: Well, not everyone is giving up on downtown NYC.

Ken Notes: Smart move if the can make up the rent on the tight margins they need to compete with Amazon..

- - Volume: 8 - WEEK: 26 Date: 6/23/2020 8:45:47 AM -