Herve Leger downsizes on Palm Beach’s Worth Avenue

Herve Leger on Worth Avenue and Robert Klecinsky
Herve Leger on Worth Avenue and Robert Klecinsky

Herve Leger has relocated its boutique on Worth Avenue in Palm Beach, in a lease brokered by Cushman & Wakefield.

Robert Klecinsky, director of retail in Palm Beach for Cushman & Wakefield, negotiated the lease on behalf of clients BCBG Max Azria Group, doing business as Herve Leger, and the landlord Real Estate Capital Partners.

Herve Leger downsized from a 1,920 square-foot boutique at 206 Worth Avenue to a 944-square-foot store at 237 Worth Avenue, Klecinsky told The Real Deal. The asking rent on the new space was $170 per square foot, he said. A lease has not yet been finalized for the former space, Klecinsky said.

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The move follows a trend of fashion brands moving to smaller spaces on Worth Avenue to reduce their rent costs, he said.

Herve Leger is a cutting-edge fashion brand from Europe, designed by Max Azria, known for its sexy “bandage” dresses. The landlord’s other luxury tenants include Giorgio Armani and Bottega Veneta.