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06/17/2022

Aritzia to open three-level flagship in Midtown Manhattan

Marianne Wilson
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Aritzia has signed a lease to open on West 49th St., in Midtown Manhattan.

Aritzia keeps growing its U.S. footprint.

Newmark Retail has completed a flagship lease on behalf of the Canadian fashion brand. The lease is for a three-level space in Midtown Manhattan, at 608 5th Avenue along the southwest corner of West 49th Street.  Formerly home to Topshop, the space spans approximately 33,000 sq. ft. and has more than  200 feet of wraparound frontage and was formerly home to Topshop.

The deal was announced days after news broke that Aritzia will open a 46,000-sq.-ft. flagship in Chicago, on the city’s Magnificent Mile in a space that formerly housed Gap. It will be the retailer's fourth location in the Chicago area.

"The signing of this deal for Aritzia signifies both their continued commitment to physical retail as well as the strength and importance of Manhattan and the US to the continued success and growth of the brand," said Ariel Schuster, vice chairman, Newmark. "We believe this additional location will be an integral part of the retail streetscape, as was the case with Aritzia's additional SoHo location at 560 Broadway signed in 2020."

Schuster and Jason Wecker, associate director, Newmark, represented Aritzia in the transaction. Omnispective was represented by CBRE vice chairman Andrew Goldberg and senior VP Jared Lack.