Consolo and Aquino in shoppers paradise.
The three-level space totals 7,700 square feet and consists of a ground level of approximately 3,200 square feet, a basement of 1,000 square feet and a 3,500-square-foot second floor.
The space, whose second level can also be leased separately, has 25 feet of frontage on renowned Fifth Avenue and is presently occupied by Jennifer Convertibles.
"Flatiron has lived up to its reputation as both a shopper's and retailer's paradise," says Mr. Aquino.
"With hardly any turnover in retail tenants and support from a great workforce, Flatiron is considered the rock of Manhattan. The vicinity's selection of exciting restaurants and proximity to numerous subway lines and bus stops make 168 Fifth Avenue an excellent opportunity for retailers. The residential market is also booming, adding to the seemingly endless traffic from the area's numerous tourists."
Meanwhile, Consolo and Aquino, also arranged for the renewal of the lease for Searle at 805 Madison Avenue, between 67th and 68th Streets. The long-term lease is for 15 years.
The 3,000 s/f, two level store will be completely re-designed. Ms. Consolo and Mr. Aquino represented both the tenant and the landlord in this transaction.
Says Consolo, "Searle has been a fashion tradition since opening its first shop at 62nd Street and Third Avenue in 1962 and has earned a following that is not only national, but global. The Searle customer has no worldly boundaries, her only limit is that of taste."
Concludes Aquino, "We have worked with Searle for many years and it was a great pleasure to assist the company in renewing the lease for 805 Madison Avenue so that they may create a new and exciting shopping adventure."
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|Title Annotation:||168 Fifth Avenue, Flatiron District|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Jun 30, 2004|
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