Athleisure Brand Arrives at 241 Bedford Avenue, Near the Apple Store
Peter Braus, Managing Principal, Garry Steinberg, Managing Director/ Principal, and Jaime Schultz, Managing Director, of Lee & Associates NYC have negotiated a multi-level, 14,228-square-foot lease at 241 Bedford Avenue, between North 3rd and North 4th Streets, for Alo Yoga, a fashion-forward yoga brand that blends the best of contemporary streetwear with performance-based athletic wear. The lease term is ten years with options to renew.
“With neighbors such as Apple and Whole Foods Market, Alo is well-positioned to reach their modern, health-conscious client base,” explains Mr. Braus, who represented the landlord, RedSky Capital. “Furthermore, the multi-level layout will allow the Alo team to create a truly experiential retail space.”
The store will offer their full collections of yoga apparel for men and women on the ground floor in addition to yoga classes on the second floor. This will be the first Brooklyn location for the Los Angeles-based brand. Asking rent was $350 per square foot for the ground floor and $125 per square foot for the second floor.
The tenant was represented by Lauren Musacchio and Alissa Bersin of McDevitt Company. Alo is expected to open in the fall of 2018.
About Lee & Associates NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available atwww.leeassociatesnyc.com.
About Lee & Associates
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link our company blog.
