Carlyle House Retains Massey Knakal To Secure Lease On Madison Avenue At The Crossroads Of Art And Fashion
Massey Knakal Realty Services has been retained on an exclusive basis by Carlyle House, Inc. to assist with the leasing of their Madison Avenue retail space located between East 76th and East 77th Streets. Ownership is considering all options, including master lease and direct lease. CEO Paul J. Massey, Jr., Thomas D. Gammino, Jr., and Jill Lovatt are exclusively handling this assignment.
“This location is one of the premier retail locations in all of New York City and we are excited to assist ownership in finding the perfect opportunity for the space,” said Massey Knakal CEO Paul J. Massey, Jr.
The space, which is currently master leased to The Carlyle, consists of approximately 6,956 square feet on the first and second floors, plus an additional 593 square feet of cellar space. It is currently subdivided into five stores, but could be combined. It boasts approximately 132 feet of prime Madison Avenue frontage. The entire space will be delivered vacant upon expiration of the master lease on April 30, 2016.
Madison Avenue and the surrounding area is North America’s premier luxury shopping district. It features the flagship boutiques of the finest international designers, over 100 world-class galleries, exquisite restaurants, dozens of spas and salons for exclusive pampering, and renowned hotels and museums.
“A testament to the robust nature of Madison Avenue, this vibrant corridor has experienced a recent transformation of the brownstones adjacent to the Whitney, with a significant amount of new store openings – 30 in 2013 and 11 in the first half of 2014. Rents for the diverse retail mix have soared to record levels. Those seeking prime sites on Madison Avenue include retailers from around the globe,” said Jill Lovatt.
Massey Knakal is a diversified real estate company, exclusively representing owners in the sale, retail lease and financing of their properties. With over 200 employees, four offices and thorough coverage of New York City’s five boroughs, Westchester County, Long Island and New Jersey,
Massey Knakal has dominated the New York metropolitan area for the last two decades by providing premier real estate brokerage and advisory services. Leveraging our proprietary Territory System™, our agents have partnered with owners throughout our markets to close over 4,700 transactions, with an aggregate value in excess of $19 billion since 1988. www.masseyknakal.com