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 secured a new flagship location for Bandier, the luxury activewear and fitness brand, at 108 Fifth Avenue in the Flatiron District.
RKF Vice Chairman Ariel Schuster and Senior Director Ike Bibi represented Bandier in the transaction. The sub-landlord, North Sails, was represented by CBRE’s Joseph Hudson.
Bandier, the purveyor of high-end athleisure-wear and venue for in-demand exercise experiences, will occupy 5,600 square feet–2,300 square feet on the ground floor and 3,300 square feet in the lower level. It will benefit from 100 feet of wraparound frontage at the southwest corner of Fifth Avenue and West 16th Street.
Bandier focuses on creating spaces where shoppers want to linger, as they appreciate the store’s selection of carefully chosen brands that formerly were available only on their own website. Bandier has been open for three years at 164 Fifth Avenue, and it now requires more space to cater to fashion-conscious shoppers who enjoy very active lifestyles.
“The Flatiron District has become the epicenter of Manhattan’s boutique fitness explosion,” explained Bibi. “Bandier will continue being a hit with fashion and fitness enthusiasts alike. As the most densely populated fitness neighborhood in Manhattan, as well as a destination for premium athleisure retailers, the Flatiron District will continue to benefit from Bandier’s presence, especially now that it will have a strong corner presence and optimal visibility.”
Bandier’s new location is steps from Union Square, and neighboring fashion and fitness retailers include Anthropologie, Rigby & Peller, DryBar, SoulCycle, SoulAnnex, Coach, J.Crew, lululemon, Swerve Fitness, Bonobos, Untuckit, Eddie Bauer, Free People and Madewell.
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 $30 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, 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