Newmark Retail Secures NYC Flagship for Blinds to Go in Manhattan’s Chelsea Neighborhood

February 3, 2025 9:00 AM

Newmark Retail announces the firm has secured a new 12,000-square-foot retail lease for Blinds to Go at 116 Seventh Avenue in Manhattan’s Chelsea neighborhood. The outpost will serve as the tenant’s New York City flagship and span three floors, including the lower-level, ground floor and second floor. Newmark Vice Chairman Ariel Schuster and Managing Director Mitch Heifetz represented the tenant in the transaction.

“We have been working collaboratively with the tenant over the last year to identify a suitable location to establish its downtown presence,” said Heifetz. “This corner flagship is truly a prestigious location for a company that is in full growth mode, situated amongst like retailers and in a furniture-focused corridor of the city.”

Blinds to Go, founded in 1954, was drawn to the property’s all-glass facade, matching Blinds to Go’s prototype for its locations. In addition to their location in Chelsea, the tenant secured its first location in Manhattan’s Upper East Side neighborhood, which is slated to debut in early Spring 2025 followed closely by the Chelsea flagship.

Formerly occupied by the furniture brand EQ3, 116 Seventh Avenue is regarded as a retail jewel box in downtown Manhattan. The property is surrounded by prominent brands, including Williams-Sonoma, Safavieh Home Furnishings, Shane & CoNew York and other home furnishing flagships. Nearby public transportation hubs include MTA’s 1-line at 18th Street and MTA’s 1-2-3 line at 14th Street, among others.

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. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.