Uniqlo paying $20M a year for new 666 Fifth Avenue space

Japanese retailer Uniqlo has snagged 89,000 square feet at 666 Fifth Avenue‘s former Brooks Brothers space for a record $300 million over 15 years, Bloomberg reported. Uniqlo, which is owned by Fast Retailing, Japan’s largest clothier, and also has a location in Soho, will pay roughly $20 million per year for the lease on what will be its New York flagship. The asking price for the space was reportedly $30 million per year. C. Bradley Mendelson of Cushman & Wakefield represented the landlords, Kushner Companies, Crown Acquisitions and Carlyle Group. [Bloomberg]