Kaplan and Gordon of NGKF arrange 1,000 s/f lease

371 Bleecker Street - Manhattan, NY

Manhattan, NY Newmark Grubb Knight Frank (NGKF) Retail has completed the retail leasing for Baccarat at 371 Bleecker St. in the West Village neighborhood. Baccarat, the lifestyle brand and market-leading designer, manufacturer and retailer of crystal products, will occupy 1,000 s/f on the ground floor in the space formerly occupied by the Brazilian clothing brand UMA. The new Baccarat location, a first-ever pop-up boutique for the celebrated brand, will serve as a grab-and-go destination for the busy holiday season, open the first of November through the end of December. NGKF retail’s executive managing director Ross Kaplan and managing director Stephen Gordon represented the tenant.

Ross Kaplan, NGKF Retail

Baccarat, the legendary brand synonymous with a French art de vivre, has graced the tables and rooms of the great palaces of the world, crafting the finest crystal for over 250 years. It’s catalogue runs the gamut of beautiful gifts, including barware, stemware, home décor, lighting, table accessories and fashion accessories. The boutique has a permanent flagship presence in the city located at 635 Madison Ave. The holiday pop-up boutique is in a prime retail corridor surrounded by popular high-end shopping destinations including Coach, Burberry Brit, Cynthia Rowley and Intermix.

“Pop-up stores are becoming increasingly popular,” said Kaplan. “Retailers like Baccarat are testing markets and landlords are embracing these strong tenants who may consider long-term stays if the location proves successful.”

“We are excited to open this new pop-up boutique on Bleecker St. and bring the concept of Everyday Baccarat to this downtown location,” said Jim Shreve, president, Baccarat USA.

“We look forward to presenting a curated gifting collection to our customers as well as introducing Beautiful Gifts in a Red Box to new customers.”