True Value member’s new Manhattan location is simply divine

NEW YORK — Midtown Hardware, a True Value member store, has closed a lease for a location at the Episcopal Church Center, known as “815” after its Second Avenue address. The lease covers 1,807 square feet on the ground floor and 1,656 square feet on the mezzanine, which the retailer will connect by way of a new staircase. Midtown Hardware is currently located at the Teachers Insurance and Annuity Association Building, which was put up for sale last January but pulled off the market in the fall. According to Arthur Mirante of Avison Young, the real estate firm representing the church, the deal “shows retailers are opting for long-term leases, against the trend of dry use retailers going for the shorter term.”