Citybizlist of New York reports that Midtown Hardware, a True Value store, has taken a long-term lease at the Episcopal Church Center.
The lease covers 1,807 square feet on the ground floor and 1,656 square feet on the mezzanine, and “the retailer will design and build a staircase to connect the ground floor to the mezzanine,” the website report said.
“The Midtown East neighborhood continues to grow both as a residential and commercial community,” said Arthur Mirante, a principal and tri-state president of Avison Young, the real-estate agency that represented the church as the building’s owner.
“We are thrilled to continue collaborating in what has been a very successful relationship with the church and are particularly proud of brokering a deal that shows retailers are opting for long-term leases, against the trend of dry-use retailers going for the shorter term.”
