NEW YORK CITY-Fashion brand Urban Outfitters has signed a lease for 56,730 square feet on three levels at W&H Properties' 1333 Broadway, Anthony Malkin, president of Malkin Holdings—which supervises the W&H Properties portfolio—announced Tuesday.
The store will include an “innovative new 'lifestyle center' concept,” the announcement states, which will include features never before seen from the brand. The retailer will take occupancy in the space—which sits a block away from the Macy's flagship store in Herald Square—in September.
“This store will be a huge catalyst for this retail and office neighborhood extending north of Herald Square,” says Malkin. “The area has seen transformational changes over the past few years, as Broadway with its pedestrian arcades links Herald Square to Times Square, and Urban Outfitters will be a magnet for shoppers.”
The McDevitt Company's Wade McDevitt, CEO, and Keith Fencl, director of New York, represented Urban Outfitters in the lease negotiations. Andrew Goldberg and Matt Chmielecki, both vice chairmen of brokerage services at CBRE, represented the landlord. Attorneys involved in the transaction included Harry Cherken and Lisa Sher of Drinker Biddle & Reath LLP and David Bleckner of David J. Bleckner, P.C.
Headquartered in Philadelphia, Urban Outfitters operates more than 130 stores in the United States, Canada and Europe.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
