Schuster, Berkowitz, Wecker and Comras of RKF reps landlord in two leases totaling 6,171 s/f

September 19, 2017 - Shopping Centers
Ariel Schuster, RKF

Manhattan, NY RKF has fully leased the 6,171 s/f ground floor retail opportunity at 1515 Broadway in Times Sq., arranging a 1,542 s/f lease with KIKO MILANO—an Italian professional cosmetics brand featuring a range of cutting-edge makeup, face and body treatments—and a 4,629 s/f lease with LINE FRIENDS—the mobile messenger characters brand. LINE FRIENDS opened in July, while KIKO MILANO will open in the winter.

RKF vice chairman Ariel Schuster, managing director Ross Berkowitz, associate Jason Wecker, and associate Jordyn Comras represented the landlord, SL Green. The Dartmouth Co.’s Fritz Kemerling and Joe Mastromonaco-represented KIKO MILANO. Cushman & Wakefield’s Steven Soutendijk, Molly Sandza and Glenn Yang represented LINE FRIENDS.

1515 Broadway is a 54-story office tower located on the west block between 44th and 45th Sts. in the bowtie of Times Sq. It features new LED signs and is close to major transit hubs. 1515 Broadway serves as the international headquarters of Viacom and is the home of the PlayStation Theater and the Minskoff Theatre. Area retailers and food purveyors include Oakley, Swatch, Junior’s, Hard Rock Café, Tissot, and SKECHERS.

The KIKO MILANO retail space consists of 1,092 s/f on the ground floor and 450 s/f on the lower level. The LINE FRIENDS retail location consists of 4,629 s/f on the ground floor, and features 65 ft. of wraparound frontage as well as exclusive use of 1,314 s/f of LED signage.

“1515 Broadway was the only column-free, jewel-box opportunity in this highly desirable retail corridor, making it the perfect fit for KIKO MILANO’s first street store in New York City and for LINE FRIENDS’ first American flagship store,” said Schuster. “Both brands will no doubt attract the crowds of residents, workers and tourists strolling Times Square.”

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