Charles Cohen signs high-end shoe shop Harrys of London to 1,100 sf at 465 Park Ave

Real estate mogul owns a controlling interest in fashion brand

New York /
May.May 30, 2017 01:00 PM

Landlord Charles S. Cohen signed a lease on the corner of Park Avenue and 57th Street with the high-end shoe shop Harrys of London, which he bought a controlling interest in just a few weeks ago.

Cohen signed the British fashion retailer to 1,100 square feet at the retail component of the Ritz Tower prewar apartment building at 465 Park Avenue, the New York Post reported.

“It’s a brand I’ve long supported and admired,” Cohen told the newspaper. “Its expansion into Manhattan, as far as I’m concerned, has been long overdue.”

The asking rent for the space was $800 per square foot.

Cohen just a few weeks ago bought a controlling interest in Harrys from a Boston private equity firm, and it’s the second time in recent history the fashion-loving real estate mogul leased space to a company he controls.

Earlier this year Cohen signed the London-based men’s clothier Richard James – a fashion brand he bought a majority interest in this February – to 2,000 square feet at 465 Park Avenue.

The corner retail has been vacant since 2011, when Borders Books shuttered its store. Cohen plans to convert 35,000 square feet of the retail space on the building’s 57th Street side to medical use. [NYP]Rich Bockmann


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)
These were the top 10 NYC retail leases in July
These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)
Ricky’s, iconic NYC beauty shop, faces
more closures
Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)
When it comes to retail, “real estate in New York is fundamentally broken”
When it comes to retail, “real estate in New York is fundamentally broken”
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Berkshire Bank headquarters in 4 East 39th Street (Google Maps)
Major FiDi landlord resigns as bank chairman after stock windfall
Major FiDi landlord resigns as bank chairman after stock windfall
Nationally, just under one-third of office workers have returned to the office spaces they occupied before the pandemic. (iStock)
Employers face uphill battle luring staff back to the office
Employers face uphill battle luring staff back to the office
The Closing: Janice Mac Avoy
The Closing: Janice Mac Avoy
The Closing: Janice Mac Avoy
arrow_forward_ios

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

Loading...