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Newmark Grubb Knight Frank (NGKF) Retail announced that it completed the retail leasing for Baccarat at 371 Bleecker Street in the West Village neighborhood of Manhattan. Baccarat, the luxury lifestyle brand and market-leading designer, manufacturer and retailer of crystal products, will occupy 1,000 square feet on the ground floor in the space formerly occupied by the Brazilian clothing brand UMA. The new Baccarat location, a first-ever pop-up boutique for the celebrated brand, will serve as a grab-and-go destination for the busy holiday season, open the first of November through the end of December 2016. NGKF Retail’s Executive Managing Director Ross Kaplan and Managing Director Stephen Gordon represented the tenant in the transaction.
Baccarat, the legendary brand synonymous with a French art de vivre, has graced the tables and rooms of the great palaces of the world, crafting the finest crystal for over 250 years. It’s catalogue runs the gamut of beautiful gifts, including barware, stemware, home décor, lighting, table accessories and fashion accessories. The boutique has a permanent flagship presence in the city located at 635 Madison Avenue. The holiday pop-up boutique is in a prime retail corridor surrounded by popular high-end shopping destinations including Coach, Burberry Brit, Cynthia Rowley and Intermix.
“Pop-up stores are becoming increasingly popular,” said Kaplan. “Retailers like Baccarat are testing markets and landlords are embracing these strong tenants who may consider long-term stays if the location proves successful.”
“We are excited to open this new pop-up boutique on Bleecker Street and bring the concept of Everyday Baccarat to this downtown location,” said Jim Shreve, President, Baccarat USA. “We look forward to presenting a curated gifting collection to our customers as well as introducing Beautiful Gifts in a Red Box to new customers.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
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.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.