CBRE announced today it has completed a 19,350-sq.-ft. retail lease at the iconic Astor Building at 217 Broadway with CVS Pharmacy, the largest drug store chain in the United States. CVS will occupy 6,850 sq. ft. on part of the ground floor and 12,500 sq. ft. on the second floor of the historic property located between Vesey and Barclay streets in Downtown Manhattan.

The CBRE team of Bruce Surry, David LaPierre, and Kristen Crossman represented the ownership, Columbus Properties, Inc., which acquired the property in 1983 and competed extensive renovations, adding a three-story penthouse to the building that was the original site of famed Astor Hotel, built by John Jacob Astor between 1832 and 1836.

“The retail space at the Astor Building offers amazing visibility with direct site lines from One World Trade Center and the Fulton Transit Center and an incredible branding opportunity – flanked on either side by landmarks such as St. Paul’s Chapel and City Hall,” said LaPierre.

Ariel Schuster, Brandon Eisenman and TJ Cholnoky of Newmark retail represented CVS Pharmacy in the 15-year lease.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.