Newmark Arranges Global Flagship Retail Lease for MAC Cosmetics at 579 Broadway in SoHo, Manhattan

August 25, 2026 9:00 AM

Newmark Retail announces it has arranged a new 5,325-square-foot retail lease at 579 Broadway in Manhattan's SoHo neighborhood. The transaction welcomes global beauty brand MAC Cosmetics, which is relocating from 506 Broadway and will occupy the ground floor and lower level of the five-story property.

Executive Vice Chairman Ariel Schuster, Senior Managing Director Michael Paster and Director Logan Ryan represented the landlord in lease negotiations.

The leased premises include approximately 3,825 square feet on the ground floor and 1,500 square feet of lower-level storage, featuring more than 22 feet of Broadway frontage, prominent grandfathered flagpole signage and exceptional visibility.

"This transaction underscores the continued strength of SoHo's retail market, where premier storefronts remain highly sought after by leading global brands," said Paster. "579 Broadway's exceptional visibility, strong pedestrian traffic and unparalleled co-tenancy made it a natural fit for MAC Cosmetics."

Located on the west side of Broadway between Prince and East Houston Streets, 579 Broadway comprises approximately 58,000 square feet and occupies a highly visible position along one of New York City's most heavily trafficked retail corridors. The property is surrounded by a mix of leading global retailers, including Prada, Arc'teryx, H&M, Free People Movement, Pandora, Athleta, The North Face, Wilson, Madewell and Aritzia. It also benefits from seven-day-a-week pedestrian traffic and convenient access to multiple subway lines.

Cushman & Wakefield's Mike O'Neill, Jason Greenstone and Taylor Reynolds represented MAC Cosmetics.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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