February 27, 2020
Target has signed a lease at Empire State Realty Trust’s (ESRT) 10 Union Square East for an approximately 33,000-square foot-store.
“ESRT is delighted to continue our partnership with Target as they open a new store at our Union Square property,” said ESRT SVP Fred Posniak. “Located in one of the city’s most dynamic retail submarkets, it has close proximity to one of the busiest subway stations in New York, and access to the 350,000 daily visitors to the bustling neighborhood.”
Richard Skulnik of Ripco Real Estate represented Target. Posniak represented ESRT in-house.
The REIT said retailers interested in capitalizing on Union Square East’s heavy traffic from tourists, NYU students, office workers and locals could join Target in either a 3,084-square-foot corner unit with frontage on Union Square and 14th Street, or a 4,705-square-foot unit with entrances on Union Square and 15th Street.
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