New York, NY – July 9, 2019 – Cushman & Wakefield announced today that the real estate services firm has arranged a 4,400-square-foot lease for Luxottica brand, Sunglass Hut, at 590 Fifth Avenue. A market leader in the design, manufacture and distribution of eyewear, Luxottica will occupy a portion of the ground floor and lower level of the building. The space will serve as the brand’s new Fifth Avenue flagship store.
Cushman & Wakefield’s Joanne Podell and Mary Clayton represented the tenant in the transaction. The landlord, Thor Equities, was represented in-house by Sam Polese and Jack Sitt.
“Manhattan’s Fifth Avenue retail corridor is world renowned as a stage for iconic brands and retail experiences,” said Joanne Podell of Cushman & Wakefield. “This gives Sunglass Hut the opportunity to have extensive second floor signage.” The brand will also benefit from the direct adjacency to Lululemon’s new Fifth Avenue flaghip store at 592 Fifth Avenue.
590 Fifth Avenue sits between 47th and 48th streets allowing tenants to attract sophisticated and international clientele. The property is within walking distance of iconic locations including Rockefeller Center, St. Patrick’s Cathedral, New York Public Library, Saks Fifth Avenue and Central Park. Seven subway lines provide access to the location within close proximity.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.