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CVS signs lease for 512 7th Avenue store

Pharmacy chain takes 12,500 sq ft of space

The Real Deal | May 17, 2021

CVS Pharmacy has signed another lease in Manhattan.

The drugstore chain took 12,500 square feet of retail space at 512 7th Avenue, including 8,500 square feet on the ground level and 4,000 for storage in the basement.

A spokesperson for CVS confirmed the lease, and added that the company intends to open the location in 2022.

Sources tell The Real Deal that the retailer will pay 350 per square foot. The deal closed earlier this month.

CVS has leased at least two other Manhattan locations this year — one for nearly 12,000 square feet at the Keystone Building, the other for around 20,000 square feet at the Astor Building.

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