Bellmarc gets space to be seen in

Real estate broker shifts from second floor on Madison Avenue to a storefront on Lexington Avenue.

Published on May 22, 2012
By Adrianne Pasquarelli

Bellmarc Realty is moving down in the world—to the ground floor. The company recently signed a 10-year lease for 2,000 square feet at 1178 Lexington Ave., between East 80th and East 81st streets. Asking rent for the deal, which includes a 1,400-square-foot basement, was $150 a square foot.

The real estate firm, which replaces a women’s apparel store, formerly operated its Upper East Side office in a second-floor on Madison Avenue.

“They were looking for a ground-floor retail presence,” said Candice Dobbs, the Dobbs Associates Inc. broker who represented the tenant. Bellmarc, which operates five offices in Manhattan, plans to complete its move by June 1.

Landlord Wallack Management Co. was represented in-house.