News: Brokerage

Stonehenge Partners leases 1,300 s/f to FIKA

Stonehenge Partners - a fully-integrated owner, operator and developer of premier residential and commercial real estate - completed a 10-year lease with FIKA, the famed Swedish espresso and chocolate bar, for a 1,300 s/f space at its 555 Sixth Ave. retail property. FIKA joins the ranks of the just-opened BFX Studio, a new high-end fitness boutique by Town Sports International (TSI), which occupies 10,000 s/f. "We think of 555 Sixth as the miracle on Sixth Ave. and it's living up to our expectations by attracting retailers like FIKA and BFX that enhance the lifestyle of the growing residential community here," said Ofer Yardeni, co-chairman and CEO of Stonehenge Partners. Designed and built by Stonehenge as a companion to its adjacent high-end rental building at 101 West 15th St., 555 Sixth Ave. is a newly constructed 19,000 s/f retail property that features an all glass, 200-foot long storefront that directly faces Sixth Ave. and spans from West 15th to West 16th Sts. Andrew Mandell, Richard Skulnik and Jason Maurer of Ripco Real Estate represented Stonehenge Partners in the deal and are marketing the remaining space at 555 Sixth Ave., which is expected to attract flagship-quality retail at some of the highest prices per s/f in the area. Remaining availability includes two corner spaces each offering 3,000 s/f, one with frontage on West 15th St. and Sixth Ave. and the other with frontage on West 16th Street and Sixth Ave.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.