NEW YORK, NY December 6, 2018 — Cushman & Wakefield today announced that the brokerage firm has been retained on an exclusive basis to market a world-class retail opportunity at 5 East 59th Street in Midtown, Manhattan.
Cushman & Wakefield’s Andrew Kahn and Christian Stanton will be leading the marketing efforts on behalf of the property’s owner.
“5 East 59th Street is surrounded by the most significant new retail leases and store openings in the city,” said Andrew Kahn of Cushman & Wakefield. “The opening of Celine, Balenciaga, Delvaux, and the newly renovated Apple store puts the property at the center of the highest profile new store openings in the city.”
Madison Avenue near 59th Street is becoming the new center for the Madison luxury district as these brands locate close to other major destinations like Moncler, Tom Ford, Fendi, and Hermes near Barney’s. The block is poised to become another thoroughfare like 57th Street linking the Fifth and Madison retail destinations. The 8-story building offers 50 feet of frontage, a rooftop terrace overlooking Apple and The Plaza and a façade that can be redesigned to create a 100 ft tall branding statement.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 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.