Cushman & Wakefield announced today that the real estate services firm has arranged a long-term lease for Innisfree, a South Korean cosmetics brand, at 750 Lexington Avenue, one of the premier retail corridors in the country. Space will become the brand’s second flagship location in the United States.
A Cushman & Wakefield team consisting of Executive Director Andrew Kahn and Senior Director Christian Stanton represented the tenant in the transaction.
“As Innisfree continues to grow its presence in the United States, the company will greatly advantage from premier visibility at 750 Lexington and tremendous daily foot traffic in proximity to this location,” said Christian Stanton of Cushman & Wakefield.“With Bloomingdale’s directly across the street, the property benefits from a diverse mix of neighboring affluent traffic generators, including 9.5 million-square-feet of office space within ¼ of a mile.”
750 Lexington Avenue provides a total of 4,500-square-feet of space, consisting of 1,600-square-feet on the ground level, 2,300-square-feet on the lower level and 600-square-feet of mezzanine space. The property also provides 25 feet of frontage on Lexington Avenue.
Located on Lexington Avenue between 59th and 60th streets, 750 Lexington Avenue is a prime retail opportunity offering Innisfree maximum exposure. Neighboring retail tenants include Bloomingdale’s, Zara and Sephora. The easily accessible property is steps away from the 4, 5, 6, N, Q and R subway lines.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 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.
