Gentrification is alive and well in the West Village.

Burberry Brit, an English clothing retailer, signed a 10-year lease at 369 Bleecker Street for its third Manhattan location. The asking rent was a staggering $525 per square foot for the 1,800-square-feet space.

The retailer replaces Les Pierre Antiques, an antiques store that had been in the neighborhood for a long time but was part of a group of shops and bookstores that were pushed out by well-heeled tenants. Other nearby boutique apparel stores include Marc Jacobs and Michael Kors.

Joan Siegel of Siegel Consultants represented the tenant. Joel Isaacs and David Baker of Isaacs & Co. represented landlord Beck Street Capital, and James Nelson of Massey Knakal was also involved.

Crain's had news of the lease on June 15.