The new No. 7 Kevin Durant Brooklyn Nets shirts are already available at Modell’s Sporting Goods, and that national retailer of sports equipment and apparel is also moving its offices.
It will move in 2020 to 26,607 square feet on the second floor and a portion of the third floor at 1430 Broadway on the southwest corner of West 40th St. The family-run Modell’s was founded in Manhattan in 1889.
It is currently located at 498 Seventh Ave. at the southwest corner of West 37th St. on the 20th floor in similarly sized space, but the new building will have a conference center, multiple buyer meeting rooms and a direct escalator from the lobby.
Arthur Spitalnick of the Kaufman leasing company, who represented the tenant, said the Modell’s executives loved it, “as soon as they saw the escalator, which was there as part of the former retail space.”
The 11-year lease is for a spot occupied by L’Occitane, which is moving to 111 W. 33rd St. as we reported in May.
Ken Kronstadt and Rick Kramer of Newmark Knight Frank represented the building ownership, GLS Associates, which had an asking rent of $55 per square foot.
