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Hugo Boss is first retailer to sign lease in Time Warner center.


A new flagship store for the international fashion retailer Hugo Boss, will be located within the Palladium palladium, chemical element
palladium [Gr. Pallas, goddess of wisdom], metallic chemical element; symbol Pd; at. no. 46; at. wt. 106.42; m.p. 1,554°C;; b.p. 2,970°C;; sp. gr. 12.02 at 20°C;; valence +2, +3, or +4.
 at AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services.  Time Warner Center The Time Warner Center is a mixed-use skyscraper developed by The Related Companies in New York City. Its design, by David Childs and Mustafa Kemal Abadan of Skidmore, Owings & Merrill, consists of two 229 m (750 ft) towers bridged by a multi-story atrium containing upscale retail , the mixed-use complex under construction at Columbus Circle Columbus Circle, named for Christopher Columbus, is a major landmark and point of attraction in the New York City borough of Manhattan. Completed in 1905 and renovated a century later, it is located at the intersection of Broadway, Central Park West, Central Park South (59th . "This marks the first major retail lease for this new landmark development and shows the great confidence that a major retail force such as Hugo Boss has in this project and this location," said Kenneth A. Himmel, president and chief executive officer of The Palladium Company, one of the development partners.

"We are thrilled to be locating a flagship Hugo Boss store within The Palladium at AOL Time Warner Center. This location is unrivaled in the world and the new complex will be a wonderful showcase for the Hugo Boss fashion collections. We know that New Yorkers and international visitors alike will be attracted to this spectacular new store in what will undoubtedly be an international shopping destination," said Marty Staff, president 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.  of Hugo Boss USA. The Hugo Boss store will occupy approximately 14,300 SF on three levels of The Palladium, including the ground floor, second and third levels. The store will complement the Hugo Boss Fifth Ave. location scheduled to open in the spring of 2001.

"This lease by a world renown retailer further evidences the great confidence the business community and investors have shown in this landmark development," said William L. Mack, co-founder and senior partner of Apollo Real Estate Advisors L.P., a development partner.

"We are thrilled that Hugo Boss will be a major retail presence in this extraordinary development. We are confident that they will contribute substantially to the success of what will be the world's most outstanding mixed use development of the 21st century," said Stephen M. Ross For other persons named Stephen Ross, see Stephen Ross (disambiguation).

New York City-based real estate developer Stephen M. Ross is founder, chairman and CEO of The Related Companies, L.P.
, chairman and CEO of The Related Companies, one of the development partners.

The development team consists of three highly respected, New York-based development and finance entities: The Related Companies, L.P., Apollo Real Estate Advisors, L.P., and The Palladium Company. The Newark New Spectrum Retail team of Jedd Nero, Robert Gibson Robert Gibson may refer to:
  • Robert L. Gibson (born 1946), American naval captain and NASA astronaut
  • Robert Gibson (pitcher) (1869-1949), American baseball player
  • Robert Gibson (businessman), Australian businessman
, and Michael Ippolito represented HUGO BOSS in the transaction.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Jan 31, 2001
Words:348
Previous Article:Urbanamerica buys $120.6M in real estate in 9 months.
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