Leases  ·  Retail

Rihanna’s Savage X Fenty Brand Opening First NYC Store in Brooklyn

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Rihanna’s lingerie store Savage X Fenty will open its first-ever New York City outpost in Park Slope, Brooklyn.

The star-powered underwear retailer inked a 10-year deal for the Triangle Building at 182 Flatbush Avenue, near Barclays Center, Women’s Wear Daily first reported. Asking rent was $750,000 per year for the full-building lease, according to a source familiar with the deal.

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Savage X Fenty closed on the lease in early February and will begin construction on the three-floor space immediately, according to the source. The Park Slope store will be the retailer’s largest physical outpost and first free-standing store, WWD reported. 

The brick building’s exterior will be branded to reflect its new tenant, the source said. Family-owned business Hidrock Properties, which owns the property after purchasing it for $7 million in 2019, did not immediately respond to a request for comment on the lease. 

CompassRalph Hanan and Brett Weinblatt represented Hidrock in the deal. Lantern Real Estate’s Matthew Seigel handled it for Savage X Fenty. Seigel did not immediately respond to a request for comment and Hanan declined to comment. 

Celia Young can be reached at cyoung@commercialobserver.com.