Gregory Gang, Executive Managing Director/Principal, and Sergio Turaev, Associate, of Lee & Associates NYC have negotiated a third-floor, 2,400-square-foot lease at 123 Fifth Avenue, between East 19th and East 20th Streets, for Crystal Design. The company operates two wedding gown and evening wear brands: Crystal Design and Eva Lendel. Founded in Ukraine in the 1980s, Crystal Design apparel is still manufactured in Europe but is now sold internationally. Currently, their products are available in bridal stores throughout the United States but this retail location will be the first in the country to bear their own name.
“Positioned squarely in the midst of the shopping mecca that is the Flatiron District, 123 Fifth Avenue is a fantastic location for a bridal salon tenant’s introduction to New York City,” says Mr. Gang, whose leasing team represented Crystal Design. “This retail outpost will be ideally positioned for maximum foot traffic on Fifth Avenue and will enjoy business from both tourist and local brides-to-be.”
Surrounding retailers include Sephora, TUMI, RPZL | Hair Extension & Blowout Bar, SoulCycle and Equinox. 123 Fifth Avenue is conveniently located near the F, M, R and W trains as well as numerous bus lines.
The owner, Torkian Group, was represented by Gina Ignatieva of ABH Realty. Crystal Design is expected to take occupancy on August 15, 2019. Asking rent was $53 per square foot.
About Lee & Associates NYC
The New York office of Lee & Associates 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. The firm has more than 90 real estate professionals in its 845 Third Avenue headquarters office. Additional information is available at www.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.
