NEW YORK – Jan. 10, 2017 – Cushman & Wakefield and Lee & Associates today announced that they have secured a 10-year, 10,000-square-foot lease for ÅLAND at RedSky Capital’s 92 North 6th Street in Williamsburg, Brooklyn.
The Korean-based brand is entering the U.S. market with a three-story flagship store in one of Brooklyn’s most active retail corridors. The retailer will be occupying the entire building, which is 3,700 square feet on the ground floor, 3,050 square feet on the lower level and 3,700 square feet on the second floor, and also includes roof access.
ÅLAND, founded in 2005, is a multi-concept store that offers its customers a wide variety of products, ranging from men’s and women’s clothing, shoes, accessories and living and beauty products. ÅLAND currently has more than 20 stores in Korea, with additional locations throughout Asia.
A Cushman and Wakefield team comprised of Steven Soutendijk, Executive Director and Glenn Yang, a Senior Manager who works in the firm’s Seoul, Korea office represented ÅLAND. RedSky Capital was represented by Peter Braus and his Williamsburg team at Lee & Associates. “Aland is a great addition to Williamsburg’s retail lineup. It continues the trend of cool and interesting stores that have chosen the neighborhood to show off their brand to the world,” Braus commented.
“ÅLAND’s entry into the United States market, Williamsburg specifically, serves as a testament to Cushman & Wakefield’s robust global platform. We worked closely with our counterparts in Seoul to strategically identify a location that reflected the company’s brand, and Williamsburg certainly has the audience the retailer is looking to capture,” said Mr. Soutendijk. “Brooklyn continues to draw retailers aiming to make a splash and ÅLAND’s move to 92 North 6th Street only strengthens that notion.”
92 North 6th Street, located between Wythe Avenue and Berry Street, is situated in one of Williamsburg’s most vibrant retail blocks. The high visibility location allows ÅLAND to join neighboring retailers like Urban Outfitters, Whole Foods, J Crew and Gant Rugger, to name a few.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.