With Restoration Hardware decamping, landlord marketing entire 86K sf Flatiron building

Shefa Land Corp. looking for new tenants to take retail space and offices at 161 Fifth Avenue

New York /
Mar.March 15, 2017 09:45 AM

With Restoration Hardware set to vacate its Flatiron District flagship store at 161 Fifth Avenue, landlord Shefa Land Corp. is marketing the entire 85,775-square-foot building to prospective tenants.

The upscale home furnishings store, which is moving to the Meatpacking District, occupies 35,400 square feet in the five story building. Shefa is looking for a new tenant to take over the retail space as well as office floors above.

“We felt if we could offer the building in its entirety, it would appeal to users such as a retailer who needs both the retail and office space,” Cushman & Wakefield’s Laura Pomerantz, who is marketing the building with a team, told the New York Post. “They would be able to brand the building with its name.”

The building, formerly the J. & C. Johnston Dry Goods store, faces Fifth Avenue, Broadway and East 22nd Street. Retail asking rents in the neighborhood range from $450 to $550 per square foot. [NYP]Konrad Putzier


Related Articles

arrow_forward_ios
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company restructures $846M CMBS loan
Two of the eleven properties under threat of foreclosure (Google Maps)
Mack Real Estate may “strip” club owner of properties
Mack Real Estate may “strip” club owner of properties
270 W Montauk Hwy, Hampton Bays, NY (Loopnet)
Legendary Hampton Bays bar up for sale
Legendary Hampton Bays bar up for sale
Senator Chuck Schumer and 70 Prospect Park West (Google Maps, Getty)
Schumer blasts Brooklyn landlord as NY pols vow to pass good cause eviction
Schumer blasts Brooklyn landlord as NY pols vow to pass good cause eviction
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Aulder Capital CEO Jonah Bamberger and 162-164 East 82nd Street (Rosewood Realty Group, Slate Property Group)
Two Upper East Side apartment buildings head to foreclosure sale
Two Upper East Side apartment buildings head to foreclosure sale
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
arrow_forward_ios

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

Loading...