Uniqlo paying $20M a year for new 666 Fifth Avenue space

April 19, 2010 03:01PM

Japanese retailer Uniqlo has snagged 89,000 square feet at 666 Fifth Avenue‘s former Brooks Brothers space for a record $300 million over 15 years, Bloomberg reported. Uniqlo, which is owned by Fast Retailing, Japan’s largest clothier, and also has a location in Soho, will pay roughly $20 million per year for the lease on what will be its New York flagship. The asking price for the space was reportedly $30 million per year. C. Bradley Mendelson of Cushman & Wakefield represented the landlords, Kushner Companies, Crown Acquisitions and Carlyle Group. [Bloomberg]


One Response to “Uniqlo paying $20M a year for new 666 Fifth Avenue space”

  1. February 21, 2012 at 9:47 pm, Highest retail rent ever paid in New York City? « « TEAM3P TEAM3P said:

    […] the previous record-holder, Uniqlo, which agreed to pay $300 million over 15 years for its space at 666 Fifth Avenue, which is owned by Kushner Companies, Crown Acquisitions and Carlyle Group. [Retail […]