Pottery Barn Teen Renews Lease at 1451-1455 Second Avenue
Billy Gray May 9, 2013, 1:32 p.m.
Pottery Barn Teen signed a six-year, 1,650-square-foot lease renewal at 1451-1455 Second Avenue on the Upper East Side, The Commercial Observer has learned.
Mark Finkelstein of Retail Strategies represented the tenant. Bruce Spiegel and William Bergman, both of Rose Associates, represented the landlord, Storepark LLC. Asking rents were between $100 and $150 a square foot.
PB Teen’s parent company, Pottery Barn, has had a store at this address since 1979. The pubescent branch sells trendier furniture and bedding items to high school aged customers.
“We first leased this space to Pottery Barn 34 years ago, and I’m pleased that they’ve had success at this location,” Mr. Spiegel said in a prepared statement. “The demographics in this neighborhood are clearly a match for [PB Teen’s] offerings of furniture and residential accessories.”