Newmark Grubb Knight Frank Retail announced that Janovic Paint & Decorating Center has signed a long-term lease at 1491 Third Avenue at the corner of 84th Street. The legendary New York City retailer is relocating from its current Upper East Side location at 87th Street and Third Avenue, and will occupy approximately 4,200 square feet on the ground floor plus basement. Janovic currently has 11 locations throughout New York City.
Jeffrey D. Roseman, executive vice president, and Amy Zhen, associate, at Newmark Grubb Knight Frank Retail, represented the landlord M3 Holdings, LLC, while Craig Hantgan of Esquire Properties, Inc. represented the tenant.
“Janovic has been a staple on the Upper East Side for so many years and we were happy to have secured such an amenity for this great corner, where it will continue to serve the area’s shoppers and residents,” commented Roseman.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark Knight Frank; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.