Press Release: MPI Announces Madewell Signs New Long Term Lease at The Gate at Manhasset
Manhasset, New York, September 9, 2013 — MPI, Mall Properties, Inc., one of the country’s leading private owners, developers and managers of commercial real estate, today announced that casual women’s retailer Madewell has signed a new ten year lease at The Gate at Manhasset. The store, expected to open mid-November, will be Madewell’s sixth store in New York.
Madewell will be occupying 3,180 square feet at The Gate at Manhasset joining such well known and popular co-tenants as Crate & Barrel, Urban Outfitters, The Gap, Lululemon, Abercrombie and Fitch and Athleta.
“With an exciting blend of upscale retail, The Gate at Manhasset has clearly developed into one of Long Island’s premier and preferred destinations for luxury shopping,” said Jim Davis, MPI Vice President of Leasing. “In the past two years alone a full half-dozen new stores have opened at The Gate at Manhasset and Madewell will be an excellent addition to our prominent lineup of retailers.”
Positioned at the focal point of Manhasset’s prestigious Miracle Mile, The Gate at Manhasset is an open air, pedestrian oriented luxury shopping center located in Manhasset, on the North Shore of Long Island. Intimately connected with the customer and uniquely focused on the luxury merchant, The Gate at Manhasset is a distinguished destination, distinct from the regional congestion and retailer discord of middle-island malls.
MPI, Mall Properties, Inc., is a privately owned real estate firm specialized in the development, acquisition, leasing and management of commercial real estate for more than 45 years. The close integration of investment and operating capabilities has given MPI a reputation as one of the leading private owners of commercial real estate in the country.
MPI currently owns and manages, individually or with its affiliated companies, a diverse portfolio of commercial properties including Retail, Hotel, Office, and Residential in eleven states. For more information, click here.
MPI also serves as a General Partner of the Longview and RCG Longview series of debt and equity funds as well as Normandy Venture Partners, an opportunistic equity fund. Our founding sponsorship of these funds has resulted in the investment of $4.7 billion in commercial real estate projects over the past 12 years and leverages our unique investment abilities, operating expertise and industry relationships.