{"id":1004173857,"date":"2017-04-25T04:43:39","date_gmt":"2017-04-25T12:43:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173857"},"modified":"2017-04-25T04:44:43","modified_gmt":"2017-04-25T12:44:43","slug":"petsmart-to-open-its-third-store-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/petsmart-to-open-its-third-store-in-nyc\/","title":{"rendered":"PetSmart to Open New Store in NYC"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004173873\" style=\"width: 361px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004173873\" data-attachment-id=\"1004173873\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/petsmart-to-open-its-third-store-in-nyc\/canopy_150_zoom-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1360518712&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10 Madison Square West\" data-image-description=\"&lt;p&gt;10 Madison Square West&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;10 Madison Square West&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg?w=800\" class=\"wp-image-1004173873\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg\" alt=\"10 Madison Square West\" width=\"351\" height=\"263\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 351px) 100vw, 351px\" \/><\/a><p id=\"caption-attachment-1004173873\" class=\"wp-caption-text\">10 Madison Square West<\/p><\/div>\n<p>PetSmart is expanding its New York\u00a0footprint by opening a third store in the city, in the heart of Manhattan\u2019s NoMad neighborhood. The retailer leased a 16,280-square-foot space at the ground floor of\u00a010 Madison Square West, a new luxury condominium.\u00a0The tenant is expected to move in\u00a0this fall.<\/p>\n<p>RKF Vice Chairman Ariel Schuster and\u00a0Vice President Brian Segall, together with Metro Commercial&#8217;s Tom Londres and Brian Goodwin acted on behalf of the tenant. Savanna, the landlord at the time of the lease, was represented by Senior Vice President Amy Zhen and Vice President Hilary Sievers, both with JLL.<\/p>\n<p>&#8220;<em>PetSmart has played a huge role in the multi-billion dollar pet-related retail industry, and this space enables them to make a significant impact in the NYC market,&#8221;<\/em>\u00a0Schuster said in prepared remarks. &#8220;<em>With its excellent day and night traffic from residents, lots of pet owners utilizing the dog park at Madison Square Park, office workers and visitors, and its close proximity to transportation and numerous nearby hotels, restaurants and office buildings, 10 Madison Square West was the perfect fit,&#8221;<\/em>\u00a0he added.<\/p>\n<p>The property&#8217;s retail unit, totaling 20,605 square feet, changed hands for a reported $97.5 million just last week, PropertyShark data shows. The buyer is an affiliate of Fortune 100 financial organization TIAA. Private equity firm Savanna bought it for $56.5 million back in 2014 from <a href=\"https:\/\/www.commercialsearch.com\/news\/witkoff-morgan-stanley-buy-manhattans-1107-broadway-for-191m-plan-condos\/\">the redeveloper<\/a> who converted the 1915 building into a 123-unit luxury condominium.<\/p>\n<p>According to PropertyShark, the 281,140-square-foot development features 24 floors with one-, two-, three-, four- and five-bedroom apartments and contains a retail component. Other amenities include a spacious residents\u2019 club with pool, state-of-the-art fitness center with spa, a private courtyard garden, storage units and on-site management. Located in the Flatiron neighborhood at 1107 Broadway, once known as the International Toy Center, the building is steps away from Madison Square Park, Fifth Avenue, hotels, retailers, banks and clubs. Also, the subway is just one block away.<\/p>\n<p><em>Image courtesy of The Witkoff Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a deal brokered by RKF, the international pet retailer settled for a 16,280-square-foot ground floor lease at the 10 Madison Square West. <\/p>\n","protected":false},"author":241,"featured_media":1004173873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21749],"tags":[32796,35136,33384,33460],"class_list":["post-1004173857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-retail","tag-jll","tag-petsmart","tag-rkf","tag-tiaa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PetSmart to Open New Store in NYC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/petsmart-to-open-its-third-store-in-nyc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PetSmart to Open New Store in NYC\" \/>\n<meta property=\"og:description\" content=\"In a deal brokered by RKF, the international pet retailer settled for a 16,280-square-foot ground floor lease at the 10 Madison Square West.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/petsmart-to-open-its-third-store-in-nyc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-25T12:43:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-04-25T12:44:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/canopy_150_zoom-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"PetSmart to Open New Store in NYC\",\"datePublished\":\"2017-04-25T12:43:39+00:00\",\"dateModified\":\"2017-04-25T12:44:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/04\\\/canopy_150_zoom-1.jpg\",\"keywords\":[\"JLL\",\"PetSmart\",\"RKF\",\"TIAA\"],\"articleSection\":[\"Brokerage\",\"New York\",\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/petsmart-to-open-its-third-store-in-nyc\\\/\",\"name\":\"PetSmart to Open New Store in NYC - 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