American Eagle Outfitters’ lingerie retailer expands to 75 Spring Street
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 6,500-square-foot lease with Aerie at 75 Spring Street in SoHo. The popular lingerie and apparel retailer (owned by American Eagle Outfitters) recently ended a short-term lease at 72 Spring Street.
RKF Vice Chairman Karen Bellantoni, Executive Vice Chairman Joshua Strauss and Managing Director Jackie Totolo represented the landlord, Greystone Realty Spring LLC, in the transaction; Aerie was represented by Steve Asch of City Connections.
Located on the northeast corner of Spring and Crosby Streets, 75 Spring Street is a nine-story building built in 1900 that features a beautiful brick façade and is ideally situated in the heart of SoHo. It is conveniently located close to several subway lines, and it boasts great visibility in the neighborhood. Aerie will occupy 5,000 square feet on the ground floor, 1,500 square feet in the lower level and benefit from 145 feet of wraparound frontage. The space was formerly occupied by Sur la Table.
SoHo remains much in demand by retailers. Aerie will be surrounded by strong co-tenants, including the MoMa Design Store, Aritzia, Bloomingdale’s SoHo, Fresh, Starbucks, Balthazar, Nike and by Chloe.
“SoHo continues to be one of the strongest retail neighborhoods in New York and the U.S., which is why so many retailers choose it to plant their first flag in New York,” said Bellantoni. “The co-tenancy and foot traffic are hard to beat. It’s no wonder Aerie chose to remain on a long-term basis after testing the market.”
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