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Club Monaco enters new chapter on Fifth

Thor Equities Group has leased nearly 13,000 s/f at 597 Fifth Avenue to Club Monaco for a three year term.

Constructed in 1912-1913 for the Charles Scribner’s Sons Bookstore, 597 Fifth Avenue is known for its landmarked façade and interior which boasts a grand staircase, 31 ft. ceilings, and 55 ft. of exposure on Fifth Avenue.

Near the new Lululemon, Sephora, and Puma flagships, as well as H&M and Saks Fifth Avenue, the property is across from Rockefeller Center.

“An exceptionally elegant building with a rich history, 597 Fifth Avenue offers Club Monaco an unrivaled opportunity to intrigue crowds on Fifth Avenue,” said chairman of Thor Equities Group, Joe Sitt.

“The property’s opulent interior offers Club Monaco’s clientele an experience unlike any other and we are thrilled to welcome them to this iconic address.”

With this announcement, Thor’s entire upper Fifth Avenue portfolio is now 100 percent leased.

The office portion of 597 Fifth Avenue includes tenants Burma Bibas, Reclaim NY, Yieldstreet Inc., and recently announced Knotel. Knotel also signed a lease for 11,800 s/f at another Thor property, 590 Fifth Avenue, which is fully leased to tenants including Sunglass Hut, AT&T, and Columbia University Medical Center.

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