862 Broadway

Manhattan, NY

Location: Manhattan
Neighborhood: Union Square
Status:
Available for Lease
Acquisition Date: June 2016
Asset Type: Urban Street, Mixed-Use
Tenant(s): Vacant
Gross Square Footage: 7,200
Located in the heart of Union Square, 862 Broadway was originally purchased in 2013 and then strategically recapitalized in 2016. L3 replaced the original tenants with Innisfree, a South Korean-based cosmetics retailer backed by Amore Pacific. Innisfree’s flagship at 862 Broadway represented their first store in the United State. The fully renovated space featured upgraded storefronts with an impressive two-story entrance.  Innisfree has since closed its U.S. stores and the space is available for lease.

Property Highlights

  • Ground, 2nd Fl and cellar leased to Amore Pacific, the 7th largest cosmetics company in the world, and operated by Innisfree, a South-Korean based cosmetics company. 862 Broadway serves as the company’s US flagship location
  • Located steps from multiple mass transit options including Union Square subway station, the fourth busiest station in New York
  • Immediate proximity to world-class retail co-tenancy, restaurants, and other amenities in Flatiron / Union Square

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