The Moinian Group leases 7,947 s/f at 509 Fifth Ave. to Kira Plastinina

According to Daniel Gohari, vice president & director of commercial assets at The Moinian Group, the firm recently signed a 7,947 s/f retail store lease at 509 Fifth Ave. to Kira Plastinina, an international fashion retailer. Jedd Nero of CB Richard Ellis represented the ownership; Laura Pomerantz and Betty Ende of PBS Real Estate negotiated on behalf of Kira Plastinina. The space is comprised of 3,500 s/f on the ground floor, a 2,605 s/f mezzanine level and a 1,842 s/f lower level. Gohari said. "While Fifth Ave. has long been known as a world-class shopping district, only recently have top retailers taken space further south than in years past, extending the corridor for viable retail." Kira Plastinina is a teenage fashion designer from Russia specializing in denim, tops, dresses and other fashion apparel. With several retail stores throughout Russia and Europe, this store represents one of her first locations in the U.S. "Kira Plastinina is a terrific addition to the ever-evolving Fifth Ave. streetscape," said Nero. "The highly-visible, multi-level space at 509 Fifth Ave. offers an incredible branding opportunity for Kira to establish a flagship location adjacent to H&M and other major retailers who have entered this market over the past two years." The Moinian Group is widely regarded as one of the industry's most active development firms. Currently, The Moinian Group holds a portfolio of more than 20 million s/f of office, residential, retail and hotel properties throughout the U.S. and abroad, including 13 million 509 Fifth Ave. in Manhattan. The company has the most extensive private acquisitions in the country, including trophy buildings like the Downtown Club in lower Manhattan, formerly known as the Downtown Athletic Club and home to the Heisman Trophy, the Sears Tower in Chicago and Continental Towers at 180 Maiden Ln. in downtown Manhattan. Its team of seasoned professionals, hands-on management style and a strategic approach to investment and growth has armed the firm with the tools necessary to take advantage of the unique opportunities available in the real estate marketplace.