Bellantoni and Rosen of RKF rep Madewell in 5,635 s/f lease at Manhattan Skyline's 1144 Madison Avenue
According to Manhattan Skyline, Madewell, a spin-off boutique of J. Crew, has signed a deal at 1144 Madison Ave. between East 84th and East 85th Sts. This will be its newest store in Manhattan and its first uptown space.
Madewell is situated between the new Teavana Fine Teas + Tea Bar and Lululemon Athletica, two highly popular retail spots in this coveted area. This trio of trendy retail stores occupy the 11,000 s/f base of the luxe condominium developed by Manhattan Skyline in 1987.
"We're excited to welcome Madewell to our upscale roster of tenants at 1144 Madison Ave.," said Joshua Roth, vice president of retail leasing at Manhattan Skyline Management Corp. "With new stores like Teavana Fine Teas + Tea Bar, Lululemon, James Perse and Halston Heritage, the retail corridor of Madison Avenue near 86th St. is extremely strong."
Madewell signed a 10-year lease for the 5,635 s/f ground floor space which offers approximately 45 ft. of frontage on Madison Ave. Madewell will tout 15' ceilings. Additional neighboring tenants include Brooks Brothers, Theory, Williams-Sonoma, Dean & Deluca and Coach.
Karen Bellantoni and Beth Rosen of RKF represented Madewell.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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