Splendid joins J. Crew, Barneys in Cobble Hill

New York /
Aug.August 14, 2013 01:00 PM

Splendid, the Los Angeles-based clothing chain, has inked a long-term lease on Court Street in Cobble Hill, becoming the latest in a string of national retailers to sign on to the neighborhood, The Real Deal has learned.

The clothier will be setting up shop with 1,100 square feet in the ground floor of 142 Court Street, at the corner of Pacific Avenue, in the next several months, with a plan to be up and running in time for the holiday shopping season.

Evan Schuckman of Schuckman Realty, who is representing both the tenant and building owner, declined to disclose the length of the lease, describing it only as “long term.” The building owner, who Schuckman also declined to disclose, is listed as Court & Pacific LLC, an Englewood, N.J.-based entity, in city property records.

The rent is more than $100 per square foot, Shuckman said, declining to provide more specific information. Other retail chains in the area have been committing to between $60 and $100 per square foot, he said.

J. Crew, Nordstrom Rack and Sephora have all recently set up shop in the neighborhood, and Barney’s Co-op, a discounted version of the designer department store, is on Atlantic Avenue.

“Splendid as well as J. Crew saw Trader Joe’s as the anchor to really build around,” Schuckman said. “Atlantic and Court is really the apex of higher-income Brooklyn residential as well as the density of the prime office market.”

The clothier carries a line of “ultra-comfortable chic,” primarily knit clothing for men and women. Founded in 2002, Splendid currently has 22 locations in the U.S. – including one in Manhattan – and one in Canada. The Cobble Hill shop will be Splendid’s first in Brooklyn.

“Our team is on the phone daily with national retail tenants seeking our advice as to where and what to do to penetrate Cobble Hill,” he added.


Related Articles

arrow_forward_ios
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
Brookfield kicks off review process for $2B Stonestown Galleria mall redevelopment
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
SL Green CEO Marc Holliday and Ashkenazy Aqcuisition’s Ben Ashkenazy and the property (Google Maps, SL Green)
SL Green snaps up Ashkenazy’s 690 Madison through foreclosure
SL Green snaps up Ashkenazy’s 690 Madison through foreclosure
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
The Closing: Ron Dickerman
The Closing: Ron Dickerman
The Closing: Ron Dickerman
Reuben Bros. bag pair of Madison Avenue retail properties
Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
Reubens Bros.’ Madison Ave shopping spree tops mid-market deals
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
This 250-acre abandoned waterpark in Mojave Desert is for sale
This 250-acre abandoned waterpark in Mojave Desert is for sale
This 250-acre abandoned waterpark in Mojave Desert is for sale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...