New York City — RKF, a leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged a 2,600-square-foot lease with Lush Cosmetics at Hotel Belleclaire, situated at 2175 Broadway on the Upper West Side of Manhattan.
The beauty retailer operates 200 stores across the United States with six other stores located in New York City. It will open at the base of the Hotel Belleclaire, architect Emery Roth’s first building in Manhattan, this fall.
RKF’s managing director, David Abrams, represented the landlord, Triumph Hotels, in the transaction. Lush Cosmetics was represented by Newmark Knight Frank’s Matthew Krell.
Hotel Belleclaire recently underwent a multimillion-dollar renovation with the installation of a new grand entrance on Broadway and the restoration of the façade to its original early-1900s grandeur. Neighbors include Apple, Barneys New York, Bloomingdale’s the Outlet Store, Citarella, Equinox, Fairway Market, Modell’s Sporting Goods, RedFarm, Serafina, SoulCycle, Zabar’s, Bluemercury, and lululemon athletica.
With 12-foot ceilings, the store includes 1,600 square feet of retail space on the ground floor and 1,000 on the lower level.
“We have been working with Triumph Hotels since 2012, when they first sought authorizations for the renovation process — and we are thrilled to bring Lush to one of Hotel Belleclaire’s three retail spaces,” says Abrams. “2175 Broadway is an excellent location for a brand wanting to increase its footprint, based on the extremely dense residential market, where Broadway is an incredibly strong 7-days-a-week retail corridor with robust pedestrian traffic.”
RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage. For more information, visit www.rkf.com.
SOURCE: RKF