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Restoration Hardware opening outlet at Industry City

Furniture store inks a lease for 10K sf

Restoration Hardware CEO Gary Friedman and Industry City
Restoration Hardware CEO Gary Friedman and Industry City

Restoration Hardware is opening an outlet store at Industry City.

The trendy furniture store signed a lease for 10,000 square feet on the ground floor of the complex’s Building 6 at 34 34th Street, the Commercial Observer reported.

Financial terms of the deal were not available, but rents at the 16 building, 6 million-square-foot complex in Sunset Park range from $15 to $40 per square foot.

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No brokers were involved in the deal, according to the CO.

Other furnishing companies at Industry City include ABC Carpet & Home, West Elm, Design Within Reach and Mitchell Gold + Bob Williams.

Industry City – a joint venture of Jamestown, Belvedere Capital, Angelo Gordon & Co. and Cammeby’s International – is looking to rezone the complex to go from 5.3 million to 6.6 million square feet and include space for an educational institution.

Restoration Hardware signed a 15-year, $250 million lease with Aurora Capital Associates and William Gottlieb Real Estate for its flagship 60,000-square-foot space in the Meatpacking District. [CO]Rich Bockmann

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