Commercial Observer
10K-SF Gift Shop Opening Near Penn Station
Commuters crawling out of Pennsylvania Station will no longer have to trek very far for their next “I Heart NY” shirt or Times Square snow globe. Souvenir and gift store Big Apple Gifts signed a 12-year lease for 10,000 square feet on the ground floor, mezzanine and basement of 14 Penn Plaza, across the street from Penn Station, according to Circle Realty Group’s Jay Futersak, who brokered the deal for both sides. Asking rent was $300 per square foot.