Valley Bank Signs New Long-Term Lease at 1040 Sixth Avenue

August 15, 2022 9:45 AM

Newmark Retail announces that Valley Bank has committed to a new 10-year lease at its current location at the base of 1040 Sixth Avenue at the corner of 39th Street in the heart of Bryant Park. Newmark Vice Chairman Jeffrey D. Roseman represented owner Skyline Developers, the New York affiliate of Garden Homes Development.

The branch will be reconfigured to occupy approximately 4,500 square feet on the corner and mezzanine level. Newmark is marketing the remaining portion of the space on behalf of ownership, Skyline Developers, offering approximately 2,255 square feet on the ground floor with 18-ft ceilings between 39th and 40th Streets next to the building’s lobby.

“Valley Bank’s strong commitment to this location demonstrates the continued strength of the neighborhood and the vibrant retail market in New York City,” commented Roseman. “With Angelina Bakery, Starbucks and Valley Bank, this block will remain well positioned for years to come.”

Orin Wilf, President of Skyline Developers, comments, “Valley has served this community for many years, and we are thrilled to continue our longstanding relationship at 1040 Avenue of the Americas. This block boasts world-class retailers, and we’re excited at the prospect of a new tenant joining the impressive roster. It’s retail offerings like this that enrich the neighborhood and have allowed it to evolve into a place that is not only desirable for business, but for living and playing as well.”

JLL’s Matthew Schuss, Jesse Wolf and Jeff Szczapa represented the tenant.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.2 billion for the twelve months ending June 30, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 6,500 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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