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
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”
Naftali Group's Miki Naftali, BRP Companies' Meredith Marshall (Photos by Paul Dilakian)
Miki Naftali, Meredith Marshall talk development, death of 421a
Miki Naftali, Meredith Marshall talk development, death of 421a
R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
Real estate tech is coming for your business
Real estate tech is coming for your business
Industrious CEO Jamie Hodari and CBRE chief financial and investment officer Emma Giamartino (LinkedIn, CBRE)
CBRE doubles down on flex-office provider Industrious
CBRE doubles down on flex-office provider Industrious
New York skyline
Rising interest rates will dampen city’s investment sales market this year
Rising interest rates will dampen city’s investment sales market this year
135 West 50th Street in Manhattan in NYC with George Comfort & Sons CEO Peter Duncan (Google Maps, George Comfort & Sons Inc.)
George Comfort & Sons inks 62K sf tenant in Midtown
George Comfort & Sons inks 62K sf tenant in Midtown
Schenectady City Council president Marion Porterfield (Facebook, iStock)
Destructive tenants driving upstate landlords to despair
Destructive tenants driving upstate landlords to despair
arrow_forward_ios

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

Loading...