Thor Equities Group welcomes Club Monaco to 597 Fifth Ave.–13,000 s/f

Manhattan, NY Thor Equities Group has leased 13,000 s/f at 597 Fifth Ave. to Club Monaco for a three-year term.

“An exceptionally elegant building with a rich history, 597 Fifth Ave. offers Club Monaco an unrivaled opportunity to intrigue crowds on Fifth Ave.,” said chairman of Thor Equities Group, Joe Sitt. “The property’s opulent interior offers Club Monaco’s clientele an experience unlike any other and we are thrilled to welcome them to this iconic address.”

Constructed in 1912-1913 for the Charles Scribner’s Sons Bookstore, 597 Fifth Ave. is known for its landmarked façade and interior which boasts a grand staircase, 31-ft. ceilings, and 55 ft. of exposure on Fifth Ave. Nearby the new Lululemon, Sephora, and Puma flagships, as well as H&M and Saks Fifth Avenue, the property is across from Rockefeller Center providing unmatched visibility for the retailer’s new NYC location.

With this announcement, Thor’s entire upper Fifth Ave. portfolio is now 100% leased. The office portion of 597 Fifth Ave. includes tenants Burma Bibas, Reclaim NY, Yieldstreet Inc., and recently announced Knotel. Knotel also signed a lease for 11,800 s/f at another Thor property, 590 Fifth Ave., which is fully leased to tenants including Sunglass Hut, AT&T, and Columbia University Medical Center.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

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.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

NAI Long Island secures 7,562 s/f medical office lease for NYU Grossman School of Medicine

Columns and Thought Leadership

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.

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

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

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing