Press Release: RKF Arranges SoHo Lease for Kate Spade Saturday
–Pop-up store leads to first US location at 152 Spring Street–
NEW YORK, NY, August 8, 2013– RKF has arranged a 3,000-square-foot lease at 152 Spring Street in SoHo for fashion retailer Kate Spade Saturday. Located on the south block between Wooster and West Broadway, this will be the first standalone location in the United States for the Kate Spade Saturday line.
Previously, Kate Spade Saturday operated a pop-up store at the adjacent 154 Spring Street, which featured interactive windows. The location was so successful that the company decided to pursue it long-term. RKF is currently marketing the available retail space at 154 Spring Street, consisting of 1,415 square feet on the ground floor and 1,200 square feet in the basement.
RKF Chairman & CEO Robert Futterman and Vice President Beth Rosen represented the landlord, Waterbridge Capital, in the lease, while RKF Executive Vice President Karen Bellantoni and Victor Fandel of Fandel Retail Group represented Kate Spade Saturday.
152 Spring Street, which will undergo construction to improve the façade, features 1,550 square feet on the ground floor, and an additional 1,450 square feet of storage space in the basement.
“After studying the foot traffic and co-tenancy of SoHo, the Kate Spade Saturday team determined this block of Spring Street was the right fit for the brand,” said Rosen. “The tenant was able to open an interactive window pop-up concept immediately at 154 Spring Street while the Landlord started doing work next door on the long-term space at 152 Spring Street.”
Kate Spade Saturday is part of the Kate Spade New York line, and features bright colors, graphic shapes, and bold prints in its casual lineup. Clothes are designed to be both stylish and functional. Kate Spade currently has a store at 454 Broome Street.
The country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $20 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 Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, and San Francisco.