Newmark Retail Secures NYC Flagship for Internationally Acclaimed Menswear Brand Rodd & Gunn

May 8, 2024 9:00 AM

Newmark Retail has secured a 4,056-square-foot outpost for Rodd & Gunn, an internationally acclaimed menswear brand, at 125 Fifth Avenue in Manhattan. The tenant secured a lease to occupy the entire 2,156-square-foot ground floor space and the 1,900-square-foot basement for inventory purposes. With this transaction, the brand marks opening its first-ever Manhattan location, slated to open at the end of May.

Newmark’s Senior Managing Director Michael Paster served as the tenant representative, while Vice Chairman Ariel Schuster and Associate Director Tyler King represented the landlord, Rumpf.

“This transaction marks the close of a multi-year process searching for the best opportunity for the tenant to transition in the Manhattan retail market,” said Paster. “Through this patient approach, we successfully identified a complementary fit at 125 Fifth Avenue for the brand’s flagship location.”

Established in 1987 when the first standalone store opened on Queen Street, Auckland, New Zealand, the Rodd & Gunn brand quickly became synonymous with quality. Over the years, the brand has earned a reputation for crafting timeless garments to last–from the fabrics they source to the techniques they use to construct their clothing; quality is the undercurrent that buoys the brand.

Having already opened a location in Brooklyn’s DUMBO neighborhood some years ago, the brand began looking for its first brick-and-mortar location in Manhattan. After many tours and years of market research, the Fifth Avenue corridor in the Flatiron district was identified as the target market for the brand’s first Manhattan location. The NYC flagship at 125 Fifth Avenue marks the continued expansion of the brand’s footprint, with its first outpost in Canada recently opening last month.

Formerly the home of the first Intermix location, 125 Fifth Avenue is located on the East block between East 19th and 20th Streets. In 2011, Rumpf acquired the property and underwent an extensive renovation to modernize the building.

The outpost features 21 feet of frontage on Fifth Avenue and is primely situated at the heart of the highly trafficked Flatiron retail district; in addition to its prime location, the boutique outpost benefits from being next to a roster of top-tier retail destinations, including Abercrombie & Fitch, Club Monaco, Rhone, Sephora, GANNI, Aritzia, Mejuri, New Balance and TUMI.

About Rumpf
Rumpf is a family-owned real estate development and management firm with over 50 years of experience transforming commercial spaces across North America and Europe. Known for its meticulous approach to design and its commitment to creating vibrant, contemporary environments, Rumpf has built a reputation for revitalizing high-street properties and positioning them for long-term success. For more information, please visit rumpf.com

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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