NEW YORK, NY – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 3,044-square-foot lease with Joe Bananas at 935 Madison Avenue in New York’s Upper East Side. When it opens in late 2018, this will be the Australian menswear brand’s first store in the United States.
RKF Vice Chairman Ariel Schuster, Managing Director Jackie Totolo and Associate Jordyn Comras, along with Isaacs and Company’s Joel Isaacs and Josh Lewin, arranged the transaction on behalf of the landlord, Joseph Straus of JZS Madison Retail, LLC. The tenant was represented by Robert Taylor, Jonathan Plotkin and Tim Pond of Colliers International.
Located on the west block of Madison Avenue between 74th and 75th Street on the Upper East Side, Joe Bananas will occupy 3,044 square feet in total, with 1,598 square feet on the Ground Floor and 1,446 square-feet in the Lower Level.
The retail space at 935 Madison Avenue is situated at the base of the former Whitney Townhouses and immediately next door to The Met Breuer. The entire building has been completely redeveloped, creating an extraordinary opportunity for retailers with contemporary open layouts wrapped in a historic 1876 façade. In addition to Joe Bananas, other tenants in the building include Nespresso, Moynat, Aquazzura and Golden Goose Deluxe Brand, making this arguably the most desirable retail block on Madison Avenue.
“Madison Avenue above 72nd Street continues to draw strong interest from international retailers due to the quality of the co-tenancy and area demographics,” said RKF’s Schuster. “The opening of the Met Breuer continues to make this portion of the street a true destination for fashion lovers and art enthusiasts alike.”
The leading independent real estate firm in North America 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 dispositions. With approximately $40 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout North America for leading retailers, restaurants, owners, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175. T: 212.599.3700. www.rkf.com