H&M’s flagship Herald Square store hits the market

Retailer is moving across the street to Herald Center in 2016

2 Herald Square
2 Herald Square

H&M is leaving its current flagship store at 2 Herald Square across the street from Macy’s, making way for another major brand to lease the 60,500-square-foot space.

The fashion retail powerhouse will be relocating across the street to Herald Center in mid-2016, where it will open its largest store worldwide, the New York Observer reported. Its current location — at West 34th StreetAnd Broadway Across The Street from Macy’s — spans the basement through third levels.

Cushman and Wakefield’s David Green, Steven Soutendijk and Brad Mendelson are marketing the property and would not disclose asking rents, though ground-floor Space Nearby On 34th Street goes for approximately $1000 per foot.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“2 Herald Square is an ideal flagship location for any brand looking for a prominent New York City presence,” said Green.

Other tenants in the 11-story Sitt Asset Management-owned building include Victoria’s Secret, Publicis and Mercy College. Monday, Eddie Sitt filed a lawsuit seeking to boot his brothers and fellow Sitt principals, Ralph and David, from the firm. Sitt purchased the building for $500 million in 2007. [NYO] — Tess Hofmann