KIKO MILANO and LINE FRIENDS Choose Heart of the Bowtie to Expand U.S. Presence
NEW YORK —RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has fully leased the ground floor retail opportunity at 1515 Broadway in Times Square, arranging a 1,542-square-foot lease with KIKO MILANO—an Italian professional cosmetics brand featuring a range of cutting-edge makeup, face and body treatments—and a 4,629-square-foot lease with LINE FRIENDS—the mobile messenger characters brand. LINE FRIENDS opened in July 2017, while KIKO MILANO will open in winter 2017.
RKF Vice Chairman Ariel Schuster, Managing Director Ross Berkowitz, Associate Jason Wecker, and Associate Jordyn Comras represented the landlord, SL Green, in both transactions. The Dartmouth Company’s Fritz Kemerling and Joe Mastromonaco represented KIKO MILANO. Cushman & Wakefield’s Steven A. Soutendijk, Molly Sandza and Glenn Yang represented LINE FRIENDS.
1515 Broadway is an iconic 54-story office tower located on the west block between 44th and 45th Streets in the bowtie of Times Square. It features new state-of-the-art LED super signs and is just a few steps from major transit hubs, adding convenience to its architectural appeal. 1515 Broadway serves as the international headquarters of media giant Viacom and is the home of the PlayStation Theater and the Minskoff Theatre. Area retailers and food purveyors include Oakley, Swatch, Junior’s, Hard Rock Café, Tissot, and SKECHERS.
The KIKO MILANO retail space consists of 1,092 square feet on the ground floor and 450 square feet on the lower level. The LINE FRIENDS retail location consists of 4,629 square feet on the ground floor, and features 65 feet of wraparound frontage as well as exclusive use of 1,314 square feet of LED signage.
“1515 Broadway was the only column-free, jewel-box opportunity in this highly desirable retail corridor, making it the perfect fit for KIKO MILANO’s first street store in New York City and for LINE FRIENDS’ first American flagship store,” said Schuster. “Both brands will no doubt attract the crowds of residents, workers and tourists strolling Times Square.”
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