RKF Completes 14,700-Square-Foot Lease with New York & Company at 715 Lexington Avenue
07/07/2005
07/07/2005
Specialty retailer opens first Manhattan store at Vornado's new retail project in high-profile location
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has completed a lease for New York & Company Inc. at 715 Lexington Avenue. The modern apparel retailer signed for 14,700 square feet at the new 40,000–square-foot property.
Robert K. Futterman, Chairman and CEO, and Joshua Strauss, Managing Director, with RKF represented the tenant in the transaction. Alan Grossman with ARG Realty Consultants, who serves as an advisor to New York & Company, worked with RKF on the transaction.
The property at 715 Lexington Avenue is a new retail development under construction at the intersection of Lexington Avenue and 58th Street. New York & Company will occupy 3,800 square feet on the ground floor, 5,900 square feet on the second floor and 5,000 square feet in the lower level of the building.
“New York & Company wanted its first Manhattan store to have a big impact,” said Strauss. “It was extremely important to the retailer that we find a highly visible location in a top-notch retail market that offered tremendous foot traffic. Vornado’s 715 Lexington Avenue project was ideal, given its central location within one of New York’s busiest retail districts.”
Neighboring retailers include Zales, which also recently signed a lease for retail space at 715 Lexington Avenue, as well as nearby Bloomingdale’s, Zara, Gap, Banana Republic, Diesel and Levis.
New York & Company, Inc. is a leading specialty retailer of fashion-oriented, moderately-priced women’s apparel, serving customers for more than 86 years. The retailer designs and sources proprietary branded New York & Company merchandise sold exclusively through its national network of nearly 500 retail stores in 44 states. New York & Company’s target customers are fashion-conscious, value-sensitive women between the ages of 25 and 45 with annual household incomes ranging from $40,000 to $75,000.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based 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 over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has completed a lease for New York & Company Inc. at 715 Lexington Avenue. The modern apparel retailer signed for 14,700 square feet at the new 40,000–square-foot property.
Robert K. Futterman, Chairman and CEO, and Joshua Strauss, Managing Director, with RKF represented the tenant in the transaction. Alan Grossman with ARG Realty Consultants, who serves as an advisor to New York & Company, worked with RKF on the transaction.
The property at 715 Lexington Avenue is a new retail development under construction at the intersection of Lexington Avenue and 58th Street. New York & Company will occupy 3,800 square feet on the ground floor, 5,900 square feet on the second floor and 5,000 square feet in the lower level of the building.
“New York & Company wanted its first Manhattan store to have a big impact,” said Strauss. “It was extremely important to the retailer that we find a highly visible location in a top-notch retail market that offered tremendous foot traffic. Vornado’s 715 Lexington Avenue project was ideal, given its central location within one of New York’s busiest retail districts.”
Neighboring retailers include Zales, which also recently signed a lease for retail space at 715 Lexington Avenue, as well as nearby Bloomingdale’s, Zara, Gap, Banana Republic, Diesel and Levis.
New York & Company, Inc. is a leading specialty retailer of fashion-oriented, moderately-priced women’s apparel, serving customers for more than 86 years. The retailer designs and sources proprietary branded New York & Company merchandise sold exclusively through its national network of nearly 500 retail stores in 44 states. New York & Company’s target customers are fashion-conscious, value-sensitive women between the ages of 25 and 45 with annual household incomes ranging from $40,000 to $75,000.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based 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 over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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