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Brokerage
Posted: May 10, 2022
Cresa's Kunikoff arranges sublease to Peter Thomas Roth Labs at 400 Park Ave.
New York, NY Cresa principal Mitchell Kunikoff has arranged a seven-year sublease for Peter Thomas Roth Labs, comprising a 10,658 s/f office at 400 Park Ave., between 54th and 55th St. The clinical skincare brandis relocating from 460 Park Ave.
“We were able to secure move-in ready, fully-furnished space featuring a dramatic wraparound terrace,” said Kunikoff “Beyond the perk of outdoor space, it is an ideal location for the brand at the crossroads of luxury retail, fashion, and international commerce.”
Representing the sublessor, Banco del Estado de Chile, were Brian Cohen, Aaron Winston, and Emma Sukenik of Newmark. Landlord Waterman Properties, LLC was represented inhouse by Alan Bernstein. Asking rent for the space was $79 per s/f.
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