Daffy's Returns to The Winter Organization's 111 Fifth Avenue
10/31/2006
10/31/2006
RKF represents leading discount fashion retailer and landlord in re-opening timed to holiday shopping season
NEW YORK, NY — Exactly one year after vacating a retail spot at 111 Fifth Avenue, a Class A office/retail property in the heart of Manhattan’s Flatiron District, discount designer fashion retailer Daffy’s has returned to the location. Although Daffy’s previous store has become a soon-to-open H&M unit, the company has leased 18,000 square feet behind and below the H&M store.
Daffy’s main entrance will be on East 18th Street.
“When Daffy’s departed 111 Fifth Avenue, it was obvious their loyal customers missed the store,” said Ben Winter, a principal with The Winter Organization, owner/manager of the building. “We would find messages such as ‘Bring back Daffy’s’ on construction barriers outside the building.
Naturally, we are delighted that Daffy’s has decided to return to 111 Fifth. We are especially pleased that along with H&M, we will now have two leading fashion retailers opening at the property in time for the holiday shopping season.”
“Daffy’s has a loyal following in the The Flatiron District which has emerged as a hot fashion corridor for a wide array of leading brands,” said Ariel Schuster, managing director of Robert K. Futterman & Associates, who along with RKF Chairman & CEO Robert K. Futterman and RKF Associates Izzy Anthony and Stephanie Snyder represented both parties in the lease negotiations. “111 Fifth Avenue benefits from a highly-trafficked neighborhood where Manhattanites and tourists converge to enjoy some of the best fashion retail in the entire city. It is clearly a ‘can’t lose’ location for Daffy’s.”
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
The Winter Organization’s 111-115 Fifth Avenue is a 233,000-square-foot, 13-story building in the heart of the Flatiron District. Tenants include Ford Models, Eileen Fisher, ESI Design and advertising agency Devito Verdi. The Winter Organization has invested heavily in the property to provide premium services to tenants such as 24/7 access with an attended lobby, computer-controlled elevators and a high-speed telecommunications infrastructure. In addition to 111-115 Fifth Avenue, The Winter Organization owns and manages a portfolio of real estate assets including The Crown Building at 730 Fifth Avenue, 408 West 14th Street, 423 West 55th Street, 81 Main Street in White Plains (Westchester County), New York and Phillips Point, the leading Class A office property in West Palm Beach, Florida.
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NEW YORK, NY — Exactly one year after vacating a retail spot at 111 Fifth Avenue, a Class A office/retail property in the heart of Manhattan’s Flatiron District, discount designer fashion retailer Daffy’s has returned to the location. Although Daffy’s previous store has become a soon-to-open H&M unit, the company has leased 18,000 square feet behind and below the H&M store.
Daffy’s main entrance will be on East 18th Street.
“When Daffy’s departed 111 Fifth Avenue, it was obvious their loyal customers missed the store,” said Ben Winter, a principal with The Winter Organization, owner/manager of the building. “We would find messages such as ‘Bring back Daffy’s’ on construction barriers outside the building.
Naturally, we are delighted that Daffy’s has decided to return to 111 Fifth. We are especially pleased that along with H&M, we will now have two leading fashion retailers opening at the property in time for the holiday shopping season.”
“Daffy’s has a loyal following in the The Flatiron District which has emerged as a hot fashion corridor for a wide array of leading brands,” said Ariel Schuster, managing director of Robert K. Futterman & Associates, who along with RKF Chairman & CEO Robert K. Futterman and RKF Associates Izzy Anthony and Stephanie Snyder represented both parties in the lease negotiations. “111 Fifth Avenue benefits from a highly-trafficked neighborhood where Manhattanites and tourists converge to enjoy some of the best fashion retail in the entire city. It is clearly a ‘can’t lose’ location for Daffy’s.”
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
The Winter Organization’s 111-115 Fifth Avenue is a 233,000-square-foot, 13-story building in the heart of the Flatiron District. Tenants include Ford Models, Eileen Fisher, ESI Design and advertising agency Devito Verdi. The Winter Organization has invested heavily in the property to provide premium services to tenants such as 24/7 access with an attended lobby, computer-controlled elevators and a high-speed telecommunications infrastructure. In addition to 111-115 Fifth Avenue, The Winter Organization owns and manages a portfolio of real estate assets including The Crown Building at 730 Fifth Avenue, 408 West 14th Street, 423 West 55th Street, 81 Main Street in White Plains (Westchester County), New York and Phillips Point, the leading Class A office property in West Palm Beach, Florida.
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