– The Three Leases, Totaling More than 10,000 SF, Mark Completion of
RKF’s Retail Leasing Assignment on behalf of RFR at 980 Madison Ave. –
NEW YORK, NY – May 10, 2012 – (RealEstateRama) — RKF and RFR have brought prominent fashion labels Rebecca Taylor, Vince and Sandro to the Upper East Side at 980 Madison Ave., on the west block between 76th and 77th Streets. These new leases exemplify the trend of affordable luxury fashion brands heading to Madison Avenue on the Upper East Side and mark the completion of RKF’s leasing assignment at the renowned property.
RKF Chairman & CEO Robert Futterman, Managing Director Beth Rosen and Director Jackie Totolo worked with RFR Executive Vice President Oliver Katcher to arrange the three retail leases, totaling 10,145 square feet, on behalf of building owner Aby Rosen.
“980 Madison Ave. provides tremendous exposure in a retail corridor that has fast-become the chosen location for traditionally downtown fashionable brands to make their mark uptown as they’ve come to realize that their customer base lives in this chic neighborhood,” said Rosen. “The area has evolved to make way for brands such as Rebecca Taylor, Vince and Sandro, all of which are expected to open later this year. Joining these three stores in the neighborhood will be synergistic co-tenants including Proenza Schouler, Rag & Bone, Zadig & Voltaire, and Maje while Intermix, Missoni, and J. Crew Collection have been successful tenants in this neighborhood for years.”
The retail leases include:
· Rebecca Taylor’s 4,338-square-foot flagship boutique on the Upper East Side. The space includes 1,901 square feet on the ground floor and 2,437 square feet on the lower level. Rebecca Taylor’s ready-to-wear handbags and shoes, as well as limited edition and exclusive products, will be available in the store. Simon Dallimore of Dallimore & Co. and Robin Abrams of Lansco Corp. represented Rebecca Taylor. The women’s designer label currently has two other Manhattan stores, located at 34 Gansevoort St. in the Meatpacking District and 240 Mott St. in Nolita.
· Sandro is leasing the 2,037-square-foot retail space with 22 feet of frontage that was formerly occupied by Alain Mikli. David Baker of Issacs and Company represented the tenant in this transaction. The space consists of 1,237 square feet on the ground floor and 800 square feet in the lower level. The Parisian fashion label has another location at 415 Bleecker Street in the West Village and has recently opened at 8 Prince St. in Nolita.
· Contemporary clothing line Vince is leasing 3,770 square feet at the property. The space includes 2,140 square feet on the ground floor and 1,630 square feet in the lower level. Vince was represented by Simon Dallimore of Dallimore & Co. and Robin Abrams of Lansco Corp. Additional Vince locations in Manhattan include stores at 16 Prince Street in Nolita and 833 Washington St. in The Meatpacking District.
The limestone-clad 980 Madison Ave. is also home to the Gagosian Gallery, Yoshii, Higher Pictures, Venus Over Manhattan (gallery by collector Adam Lindemann) and exhale spa. It is within close proximity to The Carlyle Hotel, The Mark Hotel, The Surrey Hotel and the Whitney Museum.
About RKF
The country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With approximately $20 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, and San Francisco.
RKF is located at 521 Fifth Avenue, Floor 7, New York, New York 10175, T: 212.599.3700. www.rkf.com.
