Top 10 Retail Leases: Thinking of Redecorating?
It was Target and a lot of home furnishing stores that popped up in this month's retail landscape
By The Editors June 13, 2018 8:00 am
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There’s apparently no retail meltdown if your store is named Target.
The big box store signed not only the biggest but also the third biggest lease of the month, with a 50,000-square-foot lease at 5200 Kings Highway in the Flatlands section of Brooklyn and a 21,000-square-foot lease at 520 Second Avenue in Kips Bay.
The German shoe giant, Puma, announced that it was making tracks for a 24,000-square-foot space at SL Green (SLG) Realty Corp.’s 609 Fifth Avenue (maybe they’re reading Commercial Observer’s sneaker coverage.)
And if Puma was looking to celebrate the new lease, they could do worse than to stop by RPM Underground, the second location for Radio Star Karaoke, which is taking 11,800 square feet at 250 West 54th Street. Or, they could always go to Love, which is the second outpost of Korean barbecue restaurant Five Senses, which just signed a 9,000-square-foot lease at 319 Fifth Avenue. And if their rabbi isn’t around, BarBacon, the Hell’s Kitchen eatery whose menu centers around bacon, just snagged 5,837 square feet at 127 Fourth Avenue.
Of course it wasn’t all sneakers and celebrations. If we had to put one concept to the month it would: Home furnishings. Restoration Hardware nailed 10,000 square feet at Building 6 (34 34th Street) of Industry City in Sunset Park, Brooklyn; the French furniture designer Roche Bobois is more than doubling its space, taking 8,200 square feet at 950 Third Avenue; Tom Dixon, the lighting and furniture retailer, took a new 6,700-square-foot lease at 25 Greene Street; and Mackenzie-Childs is relocating its décor and furnishings store from Midtown to a 5,770-square-foot space at 165 Spring Street in Soho.
