Swedish retailer Polarn O. Pyret, the elite children’s clothing chain, has signed a lease for its first store in Manhattan. The 32-year-old brand, which has over 130 stores in Europe, leased 2,583 square feet in the last remaining commercial units at the Jack Resnick & Sons-owned 200 Chambers Street in lower Manhattan, brokers involved with the deal said.
The mixed-use condominium complex in Tribeca is now fully occupied, with Polarn O. Pyret expected to move in by next month, said the brokers, who added that the asking rent at 200 Chambers averages at $150 per square foot.
Robin Abrams of the Lansco Corporation represented the clothier in the 10-year lease while Dennis Brady and Fran Delgorio of Jack Resnick & Sons represented the owner.
“Completing our 54,000-square-foot retail leasing program with the addition of this world-renowned children’s clothing chain is like adding a cherry to our sundae,” said Mr. Brady, executive managing director at Jack Resnick & Sons, who added that all 258 residential condominiums have also been sold.