Men’s Apparel Brand Will Open its Fifth Store in Manhattan at 488 Madison Avenue
NEW YORK (September 30, 2016) – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it secured a 1,725-square-foot space for Bonobos at 488 Madison Avenue. The store, which is the fifth Manhattan location for the men’s apparel brand, opened this week.
RKF Senior Associate Justin Fantasia represented the tenant in the transaction, while the landlord, The Feil Organization, was represented in-house by Nick Forelli.
Located on the southwest corner at East 52nd Street, 488 Madison Avenue is a 24-story, 447,000-square-foot office tower overlooking Saint Patrick’s Cathedral. The new store, officially known as the Bonobos Guideshop NYC at Madison Avenue, occupies 1,725 square feet on the ground floor and boasts unique curved all-glass frontage.
The new Bonobos location is ideally situated in the heart of Midtown, one of Manhattan’s strongest retail markets and one that has long been a shopping destination for both tourists and New Yorkers seeking the world’s leading brands. Neighboring retailers include Porsche Design, Tourneau, Trunk Club, Dino Baldini, Lladro and Neuhaus.
“Bonobos will fit well within the retail mix on Madison Avenue,” said Fantasia. “The brand has an enthusiastic following and appeals to a broad spectrum of shoppers seeking high quality, men’s wear. Bonobos is known for its new take on retail stores that offer responsive service and expert opinions to guide shoppers. We’re certain it will be a big draw for the many professional men who work in the area.”
Bonobos, which began as an e-commerce site selling men’s pants, has emerged as one of the apparel industry’s most successful hybrid online and brick-and-mortar retailers. The company now has 26 store locations across the country. The new store on Madison Avenue is now open.
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 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