New York City French apparel retailer L.T. J. Arthur announced April 22 that it has signed a long-term lease for 400-sq.-ft. of ground-level space at 329 Bleecker St., in Manhattan.
The boutique, located in the West Village, is expected to open in spring 2009.
“Bleecker Street is a destination for shoppers who enjoy the abundance of boutique retailers that line this popular retail corridor. This prime corner location featuring 44 ft. of wrap-around frontage gives L.T.J. Arthur excellent visibility and positioning in the New York marketplace just as it begins its national expansion,” said Dan Wolf, a director at New York City-based Lansco, who represented L.T.J. Arthur in the lease transaction along with Lansco executive VP Robin Abrams.
L.T.J. Arthur, retailer of chic loungewear and beachwear, opened a total of three New York metropolitan-area retail locations in 2008 -- at 922 Madison Ave., at The Plaza, and at Westchester Mall in Westchester County, N.Y.
The retailer plans to open 150 additional stores in the United States as well as 50 stores in Canada within the next five to 10 years, according to Wolf, who also represented L.T.J. Arthur in its lease for space in Los Angeles’ Century City, where the retailer is slated to open in April. Wolf also recently secured locations for the retailer at Santa Monica Place in Santa Monica, Calif., The Streets of Buckhead in Atlanta, Scottsdale Fashion Center in Scottsdale, Ariz., and The Bravern in Bellevue, Wash.
“After successfully growing L.T.J. Arthur’s European presence, we are taking advantage of opportunities in the current economy to lock in favorable lease terms that will be advantageous as we proceed with our expansion plans in the United States and Canada,” explained Laurent Bourrelly, CEO of L.T.J. Arthur in North America. “We will continue to be creative and productive in any economy, actively pursuing locations in central retail and business districts as well as high-end malls to spread our vision of ‘joie de vivre’.”