The Real Deal New York

Tumi takes space in the Apthorp

June 13, 2011 06:45PM

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The Apthorp’s retail space

Travel accessory retailer Tumi has signed a lease for 1,000 square feet on the ground floor of the Apthorp, and will open there next fall, the Apthorp’s sponsor announced. The cost and length of the lease were not disclosed. The retail condominium in the building at 390 West End Avenue was purchased by William Friedland for $37 million in February, and already lists JPMorgan Chase and the Apthorp Pharmacy as tenants. Another space of about 2,500 square feet remains available. Robert K. Futterman Associates Managing Director Beth Rosen, Executive Vice President Karen Bellatoni and Lynne Bremer of Fandel Retail Group represented Tumi in the transaction, while Friedland completed the deal without outside representation. Bellatoni said Tumi chose the space because of the building’s landmark status and the pedestrian traffic in the area on Broadway between 78th and 79th streets. Tumi has four other Manhattan locations, including another at Columbus Circle on the Upper West Side. Meanwhile, sales of residential condos in the 165 unit building have gone slowly as just five have entered into contract and one has sold in the last seven months. Eleven listings remain active on Streeteasy.com. TRD

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