H&M’s flagship Herald Square store hits the market

Retailer is moving across the street to Herald Center in 2016

New York /
Feb.February 11, 2015 11:30 AM

H&M is leaving its current flagship store at 2 Herald Square across the street from Macy’s, making way for another major brand to lease the 60,500-square-foot space.

The fashion retail powerhouse will be relocating across the street to Herald Center in mid-2016, where it will open its largest store worldwide, the New York Observer reported. Its current location — at West 34th StreetAnd Broadway Across The Street from Macy’s — spans the basement through third levels.

Cushman and Wakefield’s David Green, Steven Soutendijk and Brad Mendelson are marketing the property and would not disclose asking rents, though ground-floor Space Nearby On 34th Street goes for approximately $1000 per foot.

“2 Herald Square is an ideal flagship location for any brand looking for a prominent New York City presence,” said Green.

Other tenants in the 11-story Sitt Asset Management-owned building include Victoria’s Secret, Publicis and Mercy College. Monday, Eddie Sitt filed a lawsuit seeking to boot his brothers and fellow Sitt principals, Ralph and David, from the firm. Sitt purchased the building for $500 million in 2007. [NYO] — Tess Hofmann

 

Related Articles

arrow_forward_ios
Vorea Principal's Peter Papamichael with 10-04 Borden Ave (Vorea Group, iStock)
Skydiver lands first NYC location in Long Island City
Skydiver lands first NYC location in Long Island City
(photos by Joe Lovinger/The Real Deal)
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
Day 2 of ICSC: Retailers button up to network, prep for uncertain future
ICSC at Las Vegas (photos by Joe Lovinger and Suzannah Cavanaugh/The Real Deal)
“Hot girl real estate” reigns at ICSC, Covid be damned
“Hot girl real estate” reigns at ICSC, Covid be damned
Jersey Mike's CEO Peter Cancro in front of 1500 Smithtown Avenue in Bohemia, Long Island (Jersey Mike's, Google Maps, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Sandwich chain Jersey Mike’s expanding in NY
Sandwich chain Jersey Mike’s expanding in NY
A photo illustration of Market by Macy's located at 321 State Street in Southlake, Texas (Google Maps, iStock)
Macy’s embracing smaller stores in department store shuffle
Macy’s embracing smaller stores in department store shuffle
Photo illustration of SL Green's Marc Holliday (iStock, Getty)
The sin I live in: Times Square looks to Las Vegas for inspiration
The sin I live in: Times Square looks to Las Vegas for inspiration
Retail landlord Jack Terzi and 240 East 54th Street (Jack Terzi)
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Thor Equities' Joe Sitt and the retail condo at the base of 700 8th Avenue (Thor Equities, Google Maps)
Joe Sitt loses West Side retail space to foreclosure
Joe Sitt loses West Side retail space to foreclosure
arrow_forward_ios

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

Loading...