Fashion forward: Uniqlo signs lease for flagship store at The Bloc

The popular Japanese retailer will occupy 15K sf at the complex

Los Angeles /
May.May 30, 2018 05:00 PM
Tadashi Yanai, CEO of Uniqlo’s parent company Fast Retailing, and the Bloc

Just as Ratkovich exits Uniqlo enters.

The Japanese fashion company has signed a lease for a two-story flagship store at The Bloc mixed-use development Downtown.

The deal, first reported by DTLA Rising, comes two months after Ratkovich Company’s decision to sell its stake in the 1.8 million-square-foot complex to its equity partner, National Real Estate Advisors. The joint venture had acquired the sprawling property in 2013 for $241 million, with Blue Vista Capital Management.

The project has faced period setbacks since the joint venture redeveloped it. Many retailers that were announced on the site backed out of agreements, leading industry experts to question whether the destination would ever become the destination that was promised.

Uniqlo will take 15,000 square feet at the complex, making it a retail anchor at The Bloc. The location is at the corner of 7th and Flower streets. The lease was reportedly a year in the making.

Uniqlo will join Alamo Drafthouse, Macy’s, and L.A. Fitness, among others.

Meanwhile, National Real Estate Advisors is looking for a manager to replace Ratkovich. Lincoln Property Co, JLL, and CBRE are reportedly pursuing a deal to manage the sprawling property. [DTLA Rising] — Dennis Lynch 


Related Articles

arrow_forward_ios
 Jade Enterprises’ Director of Development Daniel Taban and 888 South Figueroa Street (Google Maps)
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
David Lawrence Gray and a rendering of the 120-unit tower (David Lawrence Gray Architects, University of Washington)
120-unit Pencil Tower planned for DTLA
120-unit Pencil Tower planned for DTLA
Rendering of 1411 South Flower Street (Housing Diversity Corporation)
Micro-housing to rise in DTLA Opportunity Zone
Micro-housing to rise in DTLA Opportunity Zone
Geoff Palmer and a rendering of the project (Getty)
New renderings show Geoff Palmer’s 1K-unit DTLA apartment project
New renderings show Geoff Palmer’s 1K-unit DTLA apartment project
Rockwood Capital's Walter P. Schmidt, LPC West's David Binswanger, and Deka Immobilien's Ulrich Bäcker. (915 Wilshire, Rockwood, LPC, Deka)
Rockwood Capital, Lincoln Property sell DTLA office tower for $196M
Rockwood Capital, Lincoln Property sell DTLA office tower for $196M
CEO of Related Companies Jeff T. Blau, and a rendering of the project (Credit: Related)
Grand ambitions: Related’s DTLA megaproject hits halfway mark
Grand ambitions: Related’s DTLA megaproject hits halfway mark
Mack Real Estate Chairman Paul Keller and renderings of the project (Credit: CallisonRTKL)
Mack and AECOM reveal details for 51-story DTLA tower
Mack and AECOM reveal details for 51-story DTLA tower
Jose Huizar and a rendering of the project (Getty, City Market LA)
Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny
Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny
arrow_forward_ios

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

Loading...