A French apparel brand is setting up its second New York City shop on the Upper West Side, Commercial Observer has learned, and is slated to open in September.
Paris-based IRO has inked a 10-year lease with the owner of 241 Columbus Avenue for 1,560 square feet on the first two floors of the building. The deal includes 860 square feet on the ground floor and 700 square feet on the lower level.
RKF represented both the owner and IRO in the signing, which was finalized earlier this month. RKF’s Ariel Schuster and Brandon Eisenman represented the owner, and colleagues Joshua Strauss and Taryn Talmadge represented the tenant. A spokeswoman for RKF declined to reveal the identity of the owner.
Property records show the owner as 241A Columbus LLC, an affiliate of Linfield Capital.
The asking price was $600 per square foot in the building, at the corner of Columbus and West 71st Street, according to Mr. Strauss.
IRO currently has 25 locations worldwide, including in the U.S., Lebanon, Spain and England. After opening its first American shop in Soho two years ago, IRO will now be among other high–end lines along Columbus Avenue. The location won’t only help IRO, Mr. Strauss said, but also the other stores–including Kate Spade, Kiehl’s and L’Occitane en Provence.
“The corner is such a great corner. It feels like a flagship,” Mr. Strauss said. “I think everybody on the block will be happy to be around IRO and they feel their brand will be bolstered by having IRO on the block.”