Ralph Lauren Renews Flagship Retail Space Lease At 650 Madison Avenue

The flagship retail space at the Rhinelander Mansion, located at 650 Madison Avenue in Lenox Hill, Manhattan, has been renewed by tenant Ralph Lauren. The lease agreement secures a 10-year extension for the iconic space, ensuring Ralph Lauren's continued presence in the area. The property, measuring approximately 133,000 square feet, is an office asset owned by Vornado Realty Trust, Oxford Properties Group, and Ontario Municipal Employees Retirement System. The asking rent for the space was $90 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: N/A
• Address: 650 Madison Avenue
• Market: Lenox Hill, Manhattan
• Landlord: Steven Roth - Vornado Realty Trust, Oxford Properties Group & Ontario Municipal Employees Retirement System
• Tenant: Ralph Lauren

The lease agreement for the Rhinelander Mansion at 650 Madison Avenue was facilitated by the landlord's representatives, Mitchell Konsker and Frank Doyle from JLL. Working on behalf of Ralph Lauren, the tenant's representatives, Eric Deutsch and Ken Meyerson from CBRE, ensured the successful negotiation of the 10-year extension. This lease renewal allows Ralph Lauren to maintain its prominent presence in the heart of Lenox Hill, serving as a flagship retail location.

Note: The 10-year extension secures Ralph Lauren's iconic flagship retail space at the Rhinelander Mansion at 650 Madison Avenue.