Firm creates new global design standard serving as project manager for 89,000-SF flagship location at 666 Fifth Avenue, 64,000-SF store at 31 West 34th Street
NEW YORK, NY – November 8, 2011 – (RealEstateRama) — Jones Lang LaSalle has completed construction on two new high-end stores, totaling 153,000 square feet, for Uniqlo Co. Ltd. in Manhattan. The locations include the Japanese clothing retailer’s New York global flagship at 666 Fifth Avenue and another store at 31 West 34th Street. The Uniqlo Fifth Avenue store and the Uniqlo 34th Street site will be the second and third locations in the United States following the opening of Uniqlo on Broadway in Manhattan’s Soho neighborhood in 2006.
Jones Lang LaSalle’s Project and Development Services (PDS) group was tapped by Uniqlo to serve as project manager for the construction of the two new Manhattan locations. The company’s responsibilities included project planning; design management; furniture, fixtures and equipment coordination; procurement management; and budget and schedule management. The PDS team also communicated regularly with the Tokyo-based owner and design team to explain all required consultant services and to closely manage project costs and schedules.
The project team included Laini Rey, senior vice president and executive lead; Amanda Moskowitz, Andrew Hellerman and Eric Desimone, senior project managers; and Trisha Taylor and Tucker Schenk, project managers. Raymond Quartararo, international director, served as senior advisor on the assignment.
The Jones Lang LaSalle team coordinated the activities of architects Gensler in New York and Wonderwall Inc. in Tokyo, engineering firm Fiskaa Engineering, structural engineering firm Gilsanz Murray Steficek LLP and construction management firm Structure Tone Inc.
“These two high-profile locations will serve as the basis for Uniqlo’s global standard for new store construction going forward,” said Rey. “The Fifth Avenue global flagship, which is now the clothing retailer’s largest store in the world, makes a big impression with its edgy high-tech and brilliantly lit design. Uniqlo requested an aggressive six-month construction schedule for the flagship and its 34th Street store. To meet the company’s deadline, Jones Lang LaSalle closely monitored an international team of architects, engineers and construction professionals. Uniqlo was highly impressed with our ability to coordinate the efforts of all these companies and plans to duplicate the process as the clothing retailer expands into other markets throughout the United States.”
The flagship at 666 Fifth Avenue opened on Oct. 14, and the sales floor encompasses 49,800 square feet of high-end retail space. The store features four glass elevators, three escalators, a three-story atrium and a feature staircase with LED backlit risers. Uniqlo’s 34th Street shop opened on Oct. 21, and the sales floor comprises approximately 46,300 square feet of retail space. The location features a glass façade, two glass elevators, 600 one-of-a-kind mannequins and a feature staircase with LED backlit risers.
Prior to commencing construction on Uniqlo’s new Manhattan stores, Jones Lang LaSalle guided the client through an extensive value engineering study that resulted in significant savings for the client.
Jones Lang LaSalle has an ongoing relationship with Uniqlo and is serving as project manager overseeing the construction of a number of stores for the clothing retailer in Asia and Europe.
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
About Uniqlo
Uniqlo is a subsidiary brand of Fast Retailing Co. (FR), a leading Japanese retail holding company that offers clothing under a number of brands, including Theory, g.u., Comptoir des Cotonniers and Princesse tam.tam. With sales of 814 billion yen in fiscal 2010, FR is one of the top four apparel retailers in the world. Uniqlo operates an integrated business model under which it designs, manufactures, markets and sells apparel, with an emphasis on high-quality casual wear. Uniqlo is Japan’s leading specialty retailer with more than 1,000 stores worldwide, with operations in China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, the United Kingdom, France, United States, Russia and Japan. For more information about Uniqlo and other Fast Retailing brands, please visit www.uniqlo.com or www.fastretailing.com.
Contact:
George Shea, Mark Faris
Company: Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
