5K-Foot Retail Deal at 103 Fifth at $275 a Foot
Tom Acitelli Aug. 16, 2011, 10:52 a.m.
Sperry Top-Sider, the nautically inspired seller of boat shoes, has notched its first deal in New York City with a 5,000-square-foot retail location at 103 Fifth Avenue, brokers told The Commercial Observer.
The company, which last year added stores in Westchester and Massachusetts to its roster of locations in Tampa, Boca Raton, Kansas City and Dallas, will take 2,500 square feet of ground-floor space and an additional 2,500 feet of basement space currently occupied by Juicy Couture. Asking rent for the space is $275 per square foot and the lease is for 10 years, brokers involved in the transaction said.
Jason Pruger and Kate Cohen of Newmark Knight Frank represented owner Harlington Realty, in the transaction while Laura Pomerantz and Betty Ende of PBS Real Estate represented Sperry Top-Sider in the deal.