Leases  ·  Retail

Hickey Freeman Dressing Up Lower Manhattan Dudes With New Store


Men’s suits and sports coat company Hickey Freeman will be opening a shop in Brookfield (BN) Place in January, Commercial Observer has learned.

Hickey Freeman, which has one New York City standalone store at 543 Madison Avenue, signed a lease for 974 square feet between Saks Fifth Avenue and Equinox Fitness in the Lower Manhattan complex, according to a spokesman for the landlord, Brookfield Property Partners.

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The lease at 230 Vesey Street is for 10 years, said John Brod of ABS Partners Real Estate who represented Hickey Freeman in the deal, and the asking rent was $400 per square foot.

The complex, Mr. Brod said, “represents a terrific opportunity to dress lots of men with quality men’s clothing with one of the most iconic brands in America. Given the history and how far the area has been redeveloped, Brookfield Place is the Madison Avenue of Lower Manhattan.”

Stephen Plourde of The McDevitt Company (who left the company as of last week) represented the landlord for the multi-office building complex called Brookfield Place. Mr. Plourde didn’t immediately respond to a request for comment.

Brookfield has retail leases signed for 86.2 percent of the Brookfield Place complex, according to a spokeswoman.