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Bed Bath & Beyond bails on Manhattan lease

Bed Bath & Beyond will close its Upper East Side location at Gazit Horizons’ 410 East 61st Street in December. The Manhattan store is one of 63 nationwide expected to close by the end of the year, with six of those located in New York, according to the Real Deal.

  • Musical chairsHome Depot is reportedly in talks to take over the 90,000-square-foot space, and vacate its 80,000-square-foot space at Vornado’s 731 Lexington Avenue. Prior to the pandemic, Bed Bath & Beyond sold and leased back 2.1 million SF of space in a deal with Oak Street Real Estate Capital.
  • Worth Noting: It’s unclear what tenant would take over Home Depot’s old spot on Lexington Avenue, though sources tell TRD that Target had been eyeing the space. “ [TRD]

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