REAL ESTATE

Destination XL opens Manhattan store in June

BY Dan Berthiaume

New York — Destination XL Group, Inc. will open its first Manhattan store in June 2014. Located in the Chelsea section of Manhattan, the new DXL stores represent the company’s superstore format.

As part of the company’s new redesign, the store will feature wider aisles and larger fitting rooms, as well as sofas, chairs and flat-screen televisions.

“We’re thrilled to be opening our first Manhattan store,” said Destination XL president and CEO David Levin. “As we continue to reinvent and modernize the retail experience and merchandise offering for today’s savvy big and tall consumer, our new Chelsea location offers the ideal space to serve our diverse customer base.”

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REAL ESTATE

Warby Parker takes Upper East Side location

BY Michael Fickes

New York — Warby Parker, the hip eyeglass brand, has leased the iconic retail space on the southeast corner of the intersection of Lexington Avenue and 82nd Street in the Upper East Side.

Winick Realty Group represented the landlord Samy Mahfar of SMA Equities in the transaction. Thor High Street Advisors represented Warby Parker.

The location, which will be the brand’s third in Manhattan, consists of a 1,600-sq.-ft. ground floor and approximately 600 sq. ft. each on the mezzanine and in the basement. The property’s striking features include cathedral-style 20-foot ceilings, spectacular 20-foot arched windows and 115 feet of wraparound frontage.

Working hand-in-hand with Mahfar, Warby Parker restored and revitalized the century-old storefront, focusing on every detail from the interior moldings to the original terrazzo floors from the early 1900s.

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REAL ESTATE

Muss to acquire Upper East Side retail condo

BY Michael Fickes

New York — Muss Development LLC is acquiring a 5,000-sq.-ft. retail condominium located at the base of the Touraine Condominium at 865 Lexington Avenue on New York City’s Upper East Side. Immediately upon closing, Muss will enter into a long-term lease with Le Pain Quotidien for its 31st location in Manhattan.

Known for its organic bread and cakes, Le Pain Quotidien will take the ground-floor retail component.

In the sales transaction, Jones Lang LaSalle represented both Muss Development and the seller, Lex 65.

In the lease deal, CBRE Group Inc. represented Le Pain Quotidien, and Cushman & Wakefield represented the Muss Development.

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