Press

May 20, 2019

Craig Deitelzweig,                                                                                                             Henry Henderson,
Marx Realty                                                                                                                        Marx Realty

Manhattan, NY According to Marx Realty, a New York-based owner, developer and manager of office, retail and multifamily property across the U.S., Foot Locker has inked a deal to lease 25,000 s/f at 605 W 181^st St. in Washington Heights. The sportswear and footwear retailer will relocate and expand its Upper Manhattan location into an experiential “Power Store” retail destination. The retailer plans to open its doors in the fall.

“We are thrilled to collaborate with one of the most recognizable athletic footwear and apparel retailers in the world,” said Craig Deitelzweig, president and CEO of Marx Realty. “Foot Locker’s new store will enjoy a larger footprint in one of Manhattan’s most vibrant up-and-coming neighborhoods and will be a slam-dunk for the company’s new concept, which has been successfully implemented around the world.”

The new “Power Store” concept has proven successful in cities such as London, Hong Kong and metro Detroit. Foot Locker’s experiential retail services for the new Upper Manhattan flagship location will include a barber shop, sneaker cleaning and gaming zones, as well as, activation spaces for events and an area where customers can “make their own shoes” and create limited-edition sneakers with customized designs. The retailer is moving to the larger space from its current location at 621 W. 181^st St. as part of the company’s push to enhance the in-store experience. Foot Locker has launched plans to expand its experiential model into other cities in the U.S. including Los Angeles and Philadelphia.

The heavy foot traffic on 181^st St., combined with the daily-needs retailers already in the neighborhood makes the location an attractive option for an immersive retail experience. Located steps from Broadway Ave., the property is situated between St. Nicholas Ave. and Wadsworth Ave.proximate to several dining, entertainment and retail options including Capital Bank, Blink Fitness, Game Stop, and T-Mobile. The location is also walking distance from the 181 St. A and 1 subway stations as well as multiple bus routes, connecting the store to the Bronx and lower Manhattan.

Marketing and leasing for the property was managed in-house by a Marx Realty team led by Henry Henderson, vice president of leasing. Evan Shuckman from RIPCO represented Foot Locker.