RHYS Commercial exclusive broker for retail space at 340 Greenwich Avenue
RHYS, a full-service commercial real estate firm specializing in agency leasing, tenant representation and investment sales, has been retained as the exclusive broker for prime retail space located at 340 Greenwich Ave.
Located next to Restoration Hardware's new flagship and Apple's Greenwich location, the 3,000 s/f space includes 33 feet of frontage and is also directly across the street from Richard's, one of the highest volume private retail stores in the country.
Greenwich Ave. is widely known as one of the premier retail streets in the U.S. Other area tenants include Tiffany & Co., Ralph Lauren, Brooks Brothers, Vineyard Vines, J. Crew, Saks Fifth Avenue, Tory Burch, Hermès, Zara, Michael Kors, Theory, TUMI and numerous other national and regional luxury retailers.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.