Men’s Clothier Rodd & Gunn Signs 3K-SF Lease for Third NYC Location
By Mark Hallum December 4, 2024 4:06 pm
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Men’s clothing retailer Rodd & Gunn has a Fifth Avenue location in the works after signing a new lease.
The brand based in New Zealand plans to open 3,378 square feet of retail at ATCO Properties & Management’s 555 Fifth Avenue, its third New York City store, on Dec. 10. The asking rent was $475 per square foot, according to the landlord.
The lease consists of 1,870 square feet at street level, 1,134 square feet in a sub-mezzanine, as well as 374 square feet in the basement. The deal closed in November, according to t, ATCO, which declined to provide the length of the lease
“[Rodd & Gunn] has long been synonymous with quality and has cultivated a strong following for its exceptionally crafted apparel,” Kate Hemmerdinger Goodman, co-president of ATCO Properties & Management, said in a statement.
Michael Paster of Newmark (NMRK) represented both the landlord and tenant in the deal, but the brokerage did not immediately respond to a request for comment.
Other tenants in the building at the corner of 46th Street and the famed Fifth Avenue include Barnes & Noble’s 34,536-square-foot space, which Paster helped arrange as well; law firm Nicoletti Spinner Ryan Gulino Pinter, which renewed for 12,497 square feet renewed in mid-2023; as well as Telsey Advisory Group and Maritime Capital.
The 20-story building also offers a glimpse of the past, with a vintage 60-foot-long advertisement uncovered by construction workers in 2019 that reads “QUIET! … BIG REAL ESTATE DEAL GOING ON.”
Mark Hallum can be reached at mhallum@commercialobserver.com.
