Carlo’s Bakery Inks 2,196 Sq. Ft. Lease at 1500 Broadway

CBRE announced today that Carlo’s Bakery, a national baked goods shop founded by Cake Boss Buddy Valastro, inked a new retail lease at 1500 Broadway. Carlo’s Bakery committed to 2,196 sq. ft. of prime ground floor retail space that will serve as its newest Manhattan location.

CBRE’s Anthony Stanford and Henry Rossignol spearhead the retail leasing campaign at 1500 Broadway on behalf of the ownership, ZAPCO 1500 Investments, L.P., and Newmark’s Jeffrey Roseman represented Carlo’s Bakery in the lease negotiations.

“1500 Broadway is located in the heart of Times Square, one of most recognizable and highly-trafficked retail corridors in the city,” said Mr. Stanford.

“We were able to secure a retail deal that benefits both the property and the surrounding neighborhood,” added Mr. Rossignol.

Located between 43rd and 44th Streets, 1500 Broadway is a 500,000 sq.-ft. Class A office tower located in the heart of the Times Square Bow Tie. The building is adjacent to ABC News’ Good Morning America studio, where the show is broadcast live each morning, in addition to sharing its home with the New Year’s Eve ball drop. 1500 Broadway is directly across from the Times Square subway, New York City’s most trafficked.