L’Occitane moving flagship down Fifth Ave.

Beauty chain inks 3,378K sf lease at ATCO’s 555 Fifth

New York /
Feb.February 28, 2018 10:45 AM

555 Fifth Avenue

Beauty chain L’Occitane en Provence is moving its Fifth Avenue flagship shop down a few blocks.

The store signed a 3,378-square-foot lease for a flagship store at ATCO Properties’ 555 Fifth Avenue, the New York Post reported.

The building, which sits on the southeast corner of East 46th Street next to Barnes & Noble, had an asking retail rent of $1,100 per square foot.

L’Occitane’s lease is expiring nearby at 610 Fifth Avenue, which is along Rockefeller Center’s Channel Gardens.

Thor Retail’s Matthew Seigel represented the tenant along with his colleague Payal Doshi.

Ripco Real Estate’s Andrew Mandell, Richard Skulnik and Lindsay Zegans represented the landlord.

L’Occitane plans to open the store this summer. It will span three levels with 1,870 square feet on the ground floor, 1,134 square feet on the mezzanine level and 374 square feet on the lower level.

Asking rents on the stretch of lower Fifth Avenue between 42nd and 49th streets averaged $1,048 a square foot during the fourth quarter of last year, down 10 percent from a year earlier, according to CBRE. [NYP] Rich Bockmann


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...