Women’s Clothing Store Patterns & Dots Heading to Greenwich Village
Affordable women’s clothing store Patterns & Dots will open a Greenwich Village outpost, brokerage CBRE announced.
Patterns & Dots signed a long-term lease for 4,500 square feet on the ground floor of 50 West 14th Street between Avenue of the Americas and Fifth Avenue, CBRE said. Asking rent was $125 per square foot.
CBRE’s Mike Kadosh and Lon Rubackin represented Patterns & Dots and the landlord, CB Developers, in the deal.
The deal marks the second new space that the clothing store — which already had an outpost at 157 East 86th Street — committed to around the city in recent weeks.
Patterns & Dots signed a five-year lease for 5,000 square feet at Empire Outlets, the 1.1 million-square-foot outlet mall in St. George, Staten Island, the Staten Island Advance first reported. Asking rent was $75 per square foot, according to landlord broker Newmark.
“The two new leases by Patterns & Dots are a great example of savvy retailers taking advantage of market dynamics to ink new deals with favorable economics,” Kadosh said in a statement.
Kadosh and Rubackin represented Patterns & Dots in the Staten Island deal, while Jeffrey Roseman, Marc Frankel and Drew Weiss of Newmark represented the landlord, BFC Partners.
“The new shopping climate clearly is about retailers that are fun and exciting, and Patterns & Dots fits the bill,” Roseman said in a statement. “We are thrilled that they chose Empire Outlets and will complement the existing retailers like Nike, Nordstrom Rack, Levi’s, American Eagle, and the soon to open Clinton Hall.”