Rose Associates Extends The Body Shop's Lease at 747 Broadway, the Retailers First U.S. Location
Posted On April 23, 2013
Rose Associates has recently signed a 10-year lease extension with The Body Shop at 747 Broadway, the retailer’s first location in the United States. Rose inked the original lease for the 1,147-square-foot space with U.K.-based The Body Shop more than 25 years ago.
Bruce Spiegel, senior managing director for Rose, and William Bergman, commercial leasing manager for Rose, represented Aspenly Co. in the transaction. Crown Retail Services represented the Body Shop, a division of L’Oreal.
“This lease extension is especially pleasing since we did the original deal for the space with The Body Shop. It was their first American location and I am thrilled it’s been such a great success,” said Bruce Spiegel, senior managing director at Rose.
Also known as Georgetown Plaza, 747 Broadway is located between Eighth Street and Waverly Place in Greenwich Village. Rose is currently marketing a 700-square-foot store also on Eighth Street steps from The Body Shop and adjacent to a ‘wichcraft and the N/R subway entrance. Georgetown Plaza is around the corner from University Walk, a collection of 27 retail stores that Rose has leased to capacity.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.