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Charles Schwab takes UES storefront.

Skyline Developers announced that Charles Schwab Charles Schwab can refer to:
  • Charles M. Schwab, founder of Bethlehem Steel.
  • Charles R. Schwab, founder of the brokerage.
  • Charles Schwab Corporation, the brokerage.
 & Co., Inc. has signed a long-term lease for the ground floor retail space at 200 East 79th Street, the 19-story condo building slated to launch sales this fall.


The 6,200-s/f space will be used primarily to serve individual investor clients.

"Charles Schwab had the foresight to see the tremendous potential in this prime Upper East Side location," said Orin Wilf, president of Skyline Developers. "We're thrilled to have signed such a prominent tenant and add a useful service to the community."

Charles Schwab plans to relocate its existing Upper East Side branch, now at 1360 Third Avenue, to the new East 79th Street location in late 2013. The company signed a 15-year lease.

"Schwab has had a presence on the Upper East Side since 1993, and we're very pleased to be making this new investment in the community," said Dave Herbert, vice president and regional branch executive for Charles Schwab & Co., Inc. "The relocation will afford us more space for educational workshops as well as improved private offices for meetings between Schwab financial consultants and their clients. And since the branch will be right on the corner of 79th Street and 3rd Avenue, it will offer better access and greater visibility, too."

Designed by Cetra Ruddy, 200 East 79th Street will house 45 luxury condominiums. Sales and marketing for the property will be handled exclusively by Stribling Marketing Associates, and will commence in the fall of 2012.

Jeff Roseman and Gregg Gropper of Newmark Grubb Knight Frank represented the landlord, while David Green and Steve Soutendijk of Cushman & Wakefield and Paul Spiegel Paul Spiegel (December 31, 1937 in Warendorf, Germany - April 30, 2006 in Düsseldorf, Germany) was leader of the Zentralrat der Juden (Central Council of Jews) in Germany and the main spokesman of the German Jews.  of Scopa CRE CRE Commercial Real Estate
CRE Corporate Real Estate
CRE Commission for Racial Equality (Scotland)
CRE CCD (Charge Coupled Device) and Readout Electronics
CRE Camp Response Element
 represented the tenant in the transaction. Mark Dahn of Wilf Law Firm LLP LLP - Lower Layer Protocol  represented Skyline Developers.
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Publication:Real Estate Weekly
Date:Jun 27, 2012
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