Popular teen clothier American Eagle is moving its nest in SoHo into a bigger and more prominent space.
After company executives' eyes bulged at the numbers from the retailer's Times Square store, they decided location matters and signed for 20,000 square feet at 599 Broadway on the southeast corner of Houston Street.
Sources said the deal will include signage along with spacious digs in the basement, and first and second floors.
The 15-year pact, worth over $120 million, pegs the rent in the high $500s for the 7,000-foot ground floor.
Jeff Sutton, who owns that space himself and the one in Times Square where SL Green Realty is a minority partner, handled the transaction with no other brokers. He declined comment.
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With Meatpacking District retailers pumped by High Line Park visitors spilling into the selling street, Levi's has decided to join the party.
The original jeans company leased 2,616 feet on the ground floor and the 2,000-foot lower level at 414 W. 14th St., a fully rehabbed historic structure. The asking rent for the ground was $400 a foot and the 10-year deal has a five-year option. The store will open this fall.
Laura Pomerantz at PBS Real Estate repped the retailer as well as the building, which is owned by The Carlyle Group and Sitt Asset Management.
"It's edgy and trendy," said Pomerantz. "They will have the various different models and fits and will also have the ability to customize them to the customer."
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