Retail REIT Regency Centers is selling the former Barney’s store building at 101 Seventh Avenue.
JLL Capital Markets has been retained to exclusively sell the 51,942 s/f boutique office building with ground-floor retail space in Chelsea neighborhood.
Regency Centers is selling the property, which previously served as the Lower Manhattan home of Barneys New York.
The four-story 101 Seventh Avenue was constructed in 1920. The property has 14,055 s/f of retail space on the ground floor and lower level, and 37,887 s/ft of office space on the second through fourth floors. The office space offers floor plates ranging from 11,312 to 13,285 s/f.
The JLL Capital Markets team representing the seller includes Managing Directors Rob Rizzi and Brock Emmetsberger, Chairman of New York Investment Sales Bob Knakal, and Senior Director Chase Tagen. Managing Director Scott Aiese and Director Jillian Mariutti will provide financing guidance.
Barneys filed for bankruptcy last year and shuttered all of its stores, except the flagship at 660 Madison where the retailer struck a deal with landlord Ashkenazy Acquisitions for a temporary reprieve.