Petco Secures Long-Term Lease Renewal at 2475 Broadway in Manhattan

New York, NY – Petco has committed to the Upper West Side, signing a 10-year lease renewal for its 15,000-square-foot retail location at 2475 Broadway, according to RIPCO Real Estate. The renewal solidifies Petco’s presence in the neighborhood, where it has operated for two decades and underscores the strength of the Upper West Side’s retail market.

A Cornerstone of the Upper West Side Retail Corridor

The store, located along Broadway, benefits from high foot traffic and its location within a densely populated residential area with convenient access to transportation. According to Andrew Mandell, vice chairman and principal at RIPCO Real Estate, “Petco has been a cornerstone retailer at this location for nearly two decades, consistently drawing loyal customers and serving as an essential neighborhood resource.”

Transaction Details

RIPCO Real Estate exclusively represented Petco in the lease negotiations. The RIPCO team was led by Andrew Mandell, Brian Schuster, vice chairman, and Sam Martorella, executive managing director. Stephen Haymes, the landlord, was represented by Andrew Goldberg of CBRE. Commercial Observer reported that the average rent for the Upper West Side retail corridor along Broadway, between 72nd and 86th streets, was $247 per square foot in the fourth quarter of 2025.

Petco’s Continued Growth and Service-Oriented Model

Petco is a national pet specialty retailer offering a range of products and services, including premium pet food, supplies, grooming, training, veterinary care, and wellness solutions. The company’s neighborhood-focused store model is designed to cater to dense residential communities, providing essential services and fostering customer loyalty. Sam Martorella of RIPCO Real Estate has been involved in several Petco projects, including a 30,000-square-foot flagship relocation in Union Square.

Enduring Strength of Service-Driven Retail

Mandell added, “This 10-year renewal speaks not only to Petco’s continued success at this location, but also to the enduring strength of the Upper West Side as a service-driven retail market. Well-positioned retailers that meet daily consumer needs continue to perform, even amid broader market shifts.” The lease renewal highlights the continued confidence in well-located, service-oriented retail spaces throughout New York City.