NEW YORK — RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged a 7,300-square-foot flagship lease with Sleep Number, for its first Manhattan store, at 136 Fifth Avenue. The experience-oriented mattress boutique opened last week.
As exclusive agent, RKF Vice Chairman Ariel Schuster and Senior Director Ike Bibi arranged the transaction on behalf of ownership Zamel Properties, Inc., working with Andrew Zamel. Sleep Number was represented by Sarah Hughes Cafaro of SRS Real Estate Partners.
Ideally situated between West 18th and 19th Streets, Sleep Number is well positioned in one of the Flatiron District’s few standalone retail spaces. The smart-mattress brand occupies 3,650 square feet on the ground floor and 3,650 square feet in the lower level. Close to vibrant Union Square Park, Sleep Number benefits from great visibility with its 25 feet of frontage along Fifth Avenue—as well as its proximity to the area’s many subway lines and seven-day foot-traffic.
“The Flatiron District has established itself as one of the city’s strongest retail corridors, especially as it relates both to health and wellness and home furnishings,” explained Bibi. “The Flatiron District is the go-to destination for innovative retail concepts wishing to attract younger, engaged and wellness-focused consumers, making this the perfect location for Sleep Number to plant its flag in New York City.”
Sleep Number is surrounded by many retailers, including Bonobos, Victoria’s Secret, Express, H&M, Banana Republic, Athleta, Zara, J.Crew, Anthropologie, Gap, Nike Running, lululemon, and Club Monaco. It is also located near ABC Carpet & Home, Restoration Hardware and Design Within Reach.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $40 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout North America for leading retailers, restaurants, owners, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175. T: 212.599.3700. www.rkf.com