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L’Occitane En Provence Leases Retail Space At 555 5th Ave, New York

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LEASED

New York

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Retail3,378 SF
Leased 02/28/2018
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Property Image
LEASED

L’Occitane En Provence Leases Retail Space At 555 5th Ave, New York

555 5th Ave, New York, NY, 10017

See Similar Deals
Retail3,378 SF
Leased 02/28/2018
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,378 SF
Transaction Type:Lease

The retail property at 555 5th Ave, New York, NY, 10017, is set to welcome beauty chain L’Occitane en Provence as its newest tenant. The 3,378-square-foot flagship store is located at ATCO Properties’ building on the southeast corner of East 46th Street. The retail space had an asking rent of $1,100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: L’Occitane en Provence
  • Landlord: ATCO Properties
  • Square Feet: 3378

L’Occitane en Provence was represented by Thor Retail’s Matthew Seigel and Payal Doshi, who aided in securing the lease for the flagship store. The store is relocating from its previous location at 610 Fifth Avenue, which is near Rockefeller Center’s Channel Gardens. Ripco Real Estate’s Andrew Mandell, Richard Skulnik, and Lindsay Zegans worked as the landlord's representatives in the deal. L’Occitane's new store at 555 Fifth Avenue is set to launch this summer across three levels with a total space of 3,378 square feet.

Players

Lindsay Zegans
13 deals
BROKER

Richard Skulnick
15 deals
BROKER

Payal Doshi
Lantern Real Estate
2 deals(646) 203-0219
BROKER

ATCO Properties & Management
BROKERAGE

Details

LEASED
IMAGE: 02/28/2018 ADDRESS: 555 5th Ave, New York, NY, 10017 MARKET: New York ASSET TYPE: Retail TENANT'S REP: Payal Doshi(Lantern Real Estate) LANDLORD'S REP: Lindsay Zegans(Ripco), Richard Skulnick() TENANT: L’Occitane en Provence LANDLORD: ATCO Properties SQUARE FEET: 3378

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Deal Type
Effective Rent (Annual)

$193,624.92

Total Lease Value

$1,936,249.22

Net Landlord Cash Flow$193,624.92