Barneys’ first ever store on sale for $50M

Final deal at embattled retailer’s 97-year-old birthplace at 101 Seventh Avenue

TRD New York /
Mar.March 04, 2020 10:45 AM
Barneys at 101 Seventh Avenue (Credit: Google Maps, iStock)

Barneys at 101 Seventh Avenue (Credit: Google Maps, iStock)

It’s the final sale at Barneys’ birthplace.

The embattled retailer’s owner has put its downtown Manhattan property at 101 Seventh Avenue — where it launched its business in 1923 — on the market.

The firm is reportedly seeking $50 million for the 51,942-square-foot retail condominium, the New York Post reported. JLL is marketing the site.

Barneys filed for bankruptcy in August, then was acquired for $270 million by Authentic Brands Group and B. Riley in October. The new owners planned to close most of the retailer’s locations, though its flagship store at 660 Madison is expected to remain open.

Barneys closed the downtown location in 1993 before reopening in 2016 after an apparel clothing store moved out. However, amid its financial troubles, it closed again this year, the Post reported.

In 2011, Miami-based REIT Equity One purchased a fee interest in the condominium for $55 million, The Real Deal previously reported. [NYP] — David Jeans


Related Articles

arrow_forward_ios
(iStock)

Movie theaters might not come back after all

Movie theaters might not come back after all
Town Sports International CEO Patrick Walsh (Credit: JoJosh313; Getty)

Dead weight: New York Sports Clubs owner files for bankruptcy

Dead weight: New York Sports Clubs owner files for bankruptcy
From left: J.C. Penney CEO Jill Soltau, Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon, and Brookfield Property Partners CEO Brian Kingston (Getty)

Authentic Brands in talks to join J.C. Penney takeover

Authentic Brands in talks to join J.C. Penney takeover
Maison Kayser USA CEO Jose Alcalay (LinkedIn; Tools of Men via Flickr; Maison Kayser)

Maison Kayser files for bankruptcy with plans for sale

Maison Kayser files for bankruptcy with plans for sale
Century  21 will wind down operations at its 13 stores (Getty)

Century 21 Stores files for bankruptcy, blames insurers

Century 21 Stores files for bankruptcy, blames insurers
The staff had been placed on temporary leave in March and April (Photos via iStock; Maison Kayser)

Maison Kayser lays off 708 employees

Maison Kayser lays off 708 employees
Brookfield’s Ric Clark and Simon Property Group’s David Simon (Getty)

J.C. Penney saved by Simon and Brookfield

J.C. Penney saved by Simon and Brookfield
Photo illustration of Gov. Andrew Cuomo (Getty, iStock)

Indoor dining can finally begin in NYC — with some big caveats

Indoor dining can finally begin in NYC — with some big caveats
arrow_forward_ios

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

Loading...