Nike Continues NYC Expansion With 60k SF Lease
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Nike has been looking for space for some time, seriously considering FAO Schwarz’s former 53k SF space at the General Motors Building. The space was taken by Nike's biggest athletic apparel competitor, Under Armour.
It’s unclear if this will replace or complement Nike’s current digs at Trump Tower, the Commercial Observer reports.
Sutton and SL Green acquired a 49-year leasehold for the tower’s existing four-floor, 30k SF retail portion in 2013, and expanded it to its current size. The JV also bought out Godiva and Devon & Blakely’s leases to make room for the Oregon-based sports giant.