Bridezilla-beloved designer Vera Wang has leased 2,500 square feet on Mercer Street to showcase her latest ready-to-wear and Lavender labels.
Retail brokerage Robert K. Futterman & Associates announced the deal late Tuesday.
The new boutique is scheduled to open this coming fall–which almost gives you enough time to secure adequate financing for that grey-pleated, organza, floor-length t-shirt with pewter sea-bead smocking that your wife has been eyeballing.
Full release after the jump.
– Chris Shott
RKF BRINGS FIRST-EVER VERA WANG READY-TO-WEAR FLAGSHIP BOUTIQUE TO 158 MERCER STREET
Firm secures 2,500 square feet of retail space for retailer in SoHo
New York, January 9, 2006 – Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing, investment sales, and consulting services secured 2,500 square feet of retail space at 158 Mercer Street for Vera Wang’s first ready-to-wear boutique in SoHo. This will be the flagship location and will feature the designer’s ready-to-wear label as well as the contemporary Lavender label.
RKF Managing Director Joshua Strauss represented Vera Wang. Andrew Kahn of Cushman & Wakefield represented building ownership BMH Associates, LLC.
158 Mercer Street is located between Prince and Houston in Manhattan’s SoHo district.
Neighboring tenants include Marc Jacobs, Marni, Mercer Hotel and Esprit.
“This is an ideal location for the Vera Wang brand and perfect for the launching of her first-ever ready-to-wear boutique,” said Strauss. “The neighborhood is flourishing with the world’s most famous fashion retailers, home furnishing stores and art galleries, consistent with the luxurious brand Ms. Wang has created.”
The new flagship boutique is scheduled to open in the fall of 2007.
About Robert K. Futterman & Associates:
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates, LLC (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
Robert K. Futterman & Associates LLC is located at 521 Fifth Avenue, 7th Floor, New York, New York 10175, telephone: 212.599.3700. http://www.rkf.com