New Homes for Luxury Brands
Introduction to the New Locations
London-based menswear store Charles Tyrwhitt is moving from 437 Madison Ave. to RFR Realty’s 477 Madison, doubling its space in the process.
Tyrwhitt signed for 3,800 square feet at the East 51st Street corner. The deal was handled for the landlord by MONA, a retail brokerage backed by RFR’s Aby Rosen. Cushman & Wakefield acted for the tenant.
Expansion and New Deals
Charles Tyrwhitt has a half-dozen Manhattan locations. The building’s offices are mostly leased. Recent signings include deals for Treville Capital and Fiera Capital. 477 Madison Ave. will be the new home for the menswear store Charles Tyrwhitt.
Another Park Avenue Office Address Filled
One more Park Avenue office address has filled up. Tom Ford Fashion signed a 10-year, 11,118 square-foot lease at SL Green’s 500 Park Ave., bringing the landmarked, 201,000 square-foot building at East 59th Street to 100% leased.
Tom Ford Fashion has signed a 10-year lease for 500 Park Ave., above. Brian Zak/NY Post
Occupancy and Other Tenants
Other office tenants include The Georgetown Company, Vera Wang, and Friedland Properties. Furniture store FRATO’s flagship showroom is the retail tenant. Meanwhile, the former Hammacher Schlemmer headquarters building at 145 E. 57th St. can also boast 100% occupancy. Data Science Innovators took 5,067 square feet, landlord ABS Partners announced. Danish furniture maker Carl Hansen & Son replaced Hammacher Schlemmer on the retail floors.
Conclusion
The recent deals for Charles Tyrwhitt and Tom Ford Fashion highlight the ongoing demand for prime office and retail space in Manhattan. Despite challenges in the market, luxury brands continue to seek out top locations to showcase their products and establish their presence in the city.
FAQs
Q: Where is Charles Tyrwhitt moving to?
A: Charles Tyrwhitt is moving from 437 Madison Ave. to RFR Realty’s 477 Madison.
Q: How much space did Tom Ford Fashion lease at 500 Park Ave.?
A: Tom Ford Fashion signed a 10-year, 11,118 square-foot lease at SL Green’s 500 Park Ave.
Q: What is the current occupancy status of 500 Park Ave.?
A: The building is now 100% leased.
Q: Who are some of the other tenants at 500 Park Ave.?
A: Other office tenants include The Georgetown Company, Vera Wang, and Friedland Properties, with FRATO’s flagship showroom as the retail tenant.
