Big-box retailers are playing musical stores on the Upper East Side.
Home Depot, which currently leases nearly 80,000 square feet at Vornado Realty Trust’s 731 Lexington Avenue, may be moving to a bigger spot in the neighborhood.
The home improvement store is on its way to taking over the more than 90,000-square-foot space Bed Bath & Beyond currently occupies at 410 East 61st Street, sources told The Real Deal. The retail condo and garage is owned by Gazit Horizons, whose president and CEO Jeff Mooallem declined comment through a spokeswoman. The deal is reportedly close to completion, with Ripco representing Home Depot.
This week, Bed Bath & Beyond announced it would shutter that location by December as part of its larger plan to close 200 stores throughout the U.S.
It’s unclear what tenant