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French fragrance brand Annick Goutal is expanding its U.S. presence by opening a second location in the heart of the Upper East Side. Newmark Grubb Knight Frank (NGKF) Retail’s Jason Pruger and Aaron Cukier, along with Maria Marra of Maria Marra Consultants, represented the tenant in its search and lease transaction.
The retailer, owned by Korean cosmetics giant AmorePacific, will occupy 700 square feet of ground space and 525 square feet of basement space at 955 Madison Avenue at the northeast corner of 75th Street. The store follows Annick Goutal’s debut location at 397 Bleecker Street in the West Village, which opened last year.
“Annick Goutal offers modern, yet timeless products and wanted to select another Manhattan location that reflects that unique blend,” said Mr. Pruger. “This neighborhood certainly exudes that classic combination of old New York meets high style with residents who appreciate luxury products.”
Named for its late founder, a one-time model and pianist, Annick Goutal offers luxury fragrances for men and women, scented products for the home, bath oils, creams and soaps and a line of skincare products. The retailer’s wares are already sold in the U.S. at upscale department stores such as Saks, Bergdorf Goodman and Bloomingdale’s.
With newly renovated storefronts, 955 Madison is ideally located near other high-end brand names such as Christian Louboutin, Carolina Herrera and Vera Wang. The site also neighbors the landmark Marcel Breuer building that the Metropolitan Museum of Art is set to take over from The Whitney Museum this year to exhibit its contemporary and modern art collections.
Beth Rosen and Karen Bellantoni of Robert K. Futterman represented the landlord, 35 East 75th Corporation.
About Newmark Grubb Knight Frank
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With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
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