Petco will continue serving the Upper West Side of Manhattan after signing a 10-year lease renewal for its 15,000 square-foot location at 2475 Broadway. The store has operated at this location for 20 years, and the renewal signals Petco’s continued investment in the community.
Long-Term Commitment
RIPCO Real Estate exclusively represented Petco in the lease negotiations. Andrew Mandell, vice chairman and principal at RIPCO, along with Brian Schuster, vice chairman, and Sam Martorella, executive managing director, comprised the leasing team. Stephen Haymes, the landlord, was represented by Andrew Goldberg of CBRE.
According to Andrew Mandell, “Petco has been a cornerstone retailer at this location for nearly two decades, consistently drawing loyal customers and serving as an essential neighborhood resource.” He further stated that the renewal reflects the strength of the Upper West Side as a retail market for businesses meeting daily consumer needs.
Service-Oriented Retail
Petco is a national retailer offering a range of pet-related products and services, including food, supplies, grooming, training, veterinary care, and wellness solutions. The company’s store model focuses on serving dense residential areas with essential offerings, fostering customer loyalty and consistent foot traffic.
The property’s location along Broadway benefits from high foot traffic, a large surrounding population, and convenient access to transportation and local amenities. The renewal could indicate continued confidence in service-oriented retail throughout New York City.
Frequently Asked Questions
What is the size of the Petco store at 2475 Broadway?
The Petco store is 15,000 square feet.
Who represented Petco in the lease renewal?
RIPCO Real Estate exclusively represented Petco. The team included Andrew Mandell, Brian Schuster, and Sam Martorella.
How long has Petco been at this location?
Petco has operated at 2475 Broadway for 20 years.
Will this lease renewal encourage other retailers to invest in the Upper West Side?
Worth a look