– RKF Marketing Several Prime Retail Spaces Available in Landlord’s Neighboring Iconic Properties-
NEW YORK, NY – June 14, 2012 – (RealEstateRama) — RKF today announced a long-term lease with Mackenzie-Childs for 7,700 square feet of retail space lease at Solow Realty & Development Company’s 20 West 57th St. on the south block between Fifth and Sixth Avenues in the Plaza District. The American-made luxury home furnishings, tableware and gift company will relocate from its existing location at 14 West 57th St. and occupy a new retail space consisting of approximately 7,700 square feet of space. Mackenzie-Childs plans to reopen at its new location by the fourth quarter of 2012.
RKF Chairman & Chief Executive Officer Robert Futterman and Senior Director Brandon Eisenman arranged the lease on behalf of the landlord, Solow Realty & Development Company, while Newmark Grubb Knight Frank Executive Vice President & Principal Jeffrey Roseman represented Mackenzie-Childs.
“Solow’s 20 West 57th Street property is the ideal relocation for Mackenzie-Childs because it provides incredible exposure in a distinct Plaza District building not far from its original flagship,” said Eisenman. “The brand was determined to stay on the same block because it has always been successful in the market.”
“57th Street is poised to gain further momentum and pick up speed as luxury and high-end brands increasingly look beyond Fifth and Madison Avenues,” added Futterman. “We have seen quite a bit of interest in what we are marketing, and Solow is ready to make deals to lead the charge in the market. Several new developments are underway and many more are planned that will transform 57th Street from Fifth Avenue to Eighth Avenue and expand the retail offerings.”
RKF is also marketing the second, third and seventh floor spaces in 20 West 57th St., consisting of 5,150 square feet, 2,117 square feet and 2,800 square feet, respectively, and ideally suited for galleries and showroom tenants. The firm is also marketing several other spaces in neighboring Solow buildings in the trade area, including:
- 7 West 57th St.: 15,880 square feet of space across on the ground floor, basement, and second through fifth floors. The building offers 32 feet of frontage on West 57th St. and the fourth floor offers an outdoor patio. The spaces are suited for multiple commercial uses, including retail shops, offices and showrooms.
- 9 West 57th St.: Three separate spaces totaling 33,905 square feet of retail space on the ground floor and lower level in this iconic 1.4-million-square-foot Class-A office building. Space A on the ground floor offers 72 feet of frontage on both West 57th and West 58th Streets and can be combined with lower-level Space B. Space C is also on the ground-floor offers 69 feet of frontage on West 57th St.
- 8 West 58th St.: 6,121 total square feet of space, offering 45 feet of wraparound frontage on the ground floor, a fully built restaurant on the lower level and storage in the sub-basement.
Solow’s Plaza District properties are steps from Central Park, Grand Army Plaza and the Plaza Hotel & Condominiums. Neighboring tenants include flagship stores of internationally known retailers, such as Bergdorf Goodman, Tiffany & Co., Gucci, Louis Vuitton, Apple and Abercrombie & Fitch, and famous Midtown Manhattan restaurants, Brasserie 8 ½, Nobu 57 and Rue 57.
About RKF
The country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, Robert K. Futterman & Associates (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. www.rkf.com
Contact:
Elizabeth Walden, Quinn & Co., 212.868.1900 x349, ewalden (at) quinnandco (dot) com
