H&M to be anchor at 505 Fifth Ave.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , the world's largest commercial real estate services firm, and Robert K. Futterman & Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (RKF RKF Rapid Knowledge Formation ), the nation's leading independent real estate firm specializing in retail leasing and investment sales, today announced that international high-fashion retailer Hennes & Mauritz (H&M) will lease 25,000 s/f at 505 Fifth Avenue, on the Northeast corner of 42nd Street. The retailer, widely recognized for its high-quality and affordable fashions, will occupy 7,564 s/f of retail space on the ground floor, 11,718 s/f on the second floor and 5,066 s/f on the lower level, The new location, it's 10th in Manhattan, is scheduled to open in the spring of 2007. RKF Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Futterman and Senior Managing Director Howard Gilbert represented the landlord, Fifth @ 42nd, LLC in this transaction. The CB Richard Ellis team of Executive Vice Presidents Jedd Nero and Robert Gibson Robert Gibson may refer to:
"505 Fifth Avenue provides H&M with the ideal opportunity to maintain its strategic expansion plans in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of region," said Gibson. "The international fashion retailer will fit seamlessly in this highly-trafficked Fifth Avenue neighborhood, where we expect it will continue its proven success in providing fashion and quality at the best price." The new retail space, located at the base of a high-tech, Class-A office/retail property at 505 Fifth Avenue, signals a new phase in the Swedish retailer's expansion. "H&M will become the new anchor retailer for the area and will boost shopping on this portion of Fifth Avenue," said Futterman. Gilbert added that "H&M will capture the attention of shoppers coming from the major retail corridors of Times Square, Grand Central Station, and Saks Fifth Avenue/ Rockefeller Center Rockefeller Center, complex of buildings in central Manhattan, New York City, between 48th and 51st streets and Fifth Ave. and the Ave. of the Americas (Sixth Ave.). The project was sponsored by John D. Rockefeller, Jr. and will build on the retail traffic that has been created by existing retail tenants including Banana Republic, Kenneth Cole, Ann Taylor, Sean John, Best Buy and Build-A-Bear Workshop." "We've proudly represented H&M in three major transactions in Manhattan in the last year and half," added Nero. |
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