T.J. Maxx Signed Lease for Upper East Side Store
The retailer will occupy a large space on East 86th Street currently home to an H&M location.
Updated on Oct. 9, 2026 in Commercial
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T.J. Maxx has finalized a lease for 28,837 square feet of retail space at 150 East 86th Street. The brand will take over the premises from the current occupant, H&M, with a store opening slated for late 2027.
Why it matters
The arrival of T.J. Maxx reflects ongoing shifts in neighborhood retail occupancy on the Upper East Side. This change follows Extell Development's $64 million acquisition of the retail condominium last year.
The new store spans 4,000 square feet on the ground floor and 25,000 square feet on the second level. This lease follows Extell Development's $64 million purchase of the retail unit in July 2025.
The players
T.J. Maxx
A national discount retailer known for selling apparel and home goods at off-price points.
Extell Development
A major New York City real estate developer that manages high-profile residential and retail properties.
Ripco Real Estate
A commercial brokerage firm that specializes in retail leasing and development across New York.
The details
The lease agreement, brokered by Richard Skulnik of Ripco Real Estate, facilitates a transition for the 150 East 86th Street retail condominium. The site will undergo a reconfiguration to accommodate T.J. Maxx's specific retail footprint as they replace the existing H&M anchor tenant.
Timeline
Extell Development bought the retail condo unit in July 2025.
Upper East Side average retail rent was $259 per square foot in Q3 2026.
T.J. Maxx is scheduled to open its new store in late 2027.
The Home Front
This lease is part of a larger trend in Manhattan commercial real estate, where property values and rents continue to anchor the retail landscape. The $64 million unit acquisition sets the stage for shifting household shopping options on the Upper East Side.
Residents should anticipate a transition in the neighborhood retail mix as the store prepares for its late 2027 launch. Keep an eye on local permit filings at the 150 East 86th Street address if you are interested in the construction timeline.
The takeaway
Large-scale commercial shifts like this one often signal a change in local shopping availability for nearby families. Keep this 2027 arrival date in mind when planning your household shopping and household goods budget for the area.
Further reading
For more updates on local storefront changes and retail trends, visit our Commercial section.
Source note: This article includes information reported by Commercial Observer.
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