ABS Partners Real Estate announced that footwear retailer Clarks has signed a 7,600 s/f lease for two levels of retail at 547 Broadway and 118 Mercer Street in SoHo.
The retailer joins H&M, Uniqlo, Prada, Hugo Boss, AllSaints, Michael Kors, Club Monaco and Sephora, among others, in one of Manhattan’s most sought-after neighborhoods.
Steven Hornstock, John Brod, Mark Tergesen and Robert Kempner of ABS Partners represented the landlord, Broadway/Prince Associates, while Matt Cohen and Alan Victor of Lansco represented the tenant.
“The block-through space with entrances on both Broadway and Mercer is what attracted Clarks to the building,” said Brod. “The store is destined to see a huge amount of foot traffic – a tremendous benefit of being in this neighborhood, which is one of the world’s most popular shopping districts.”
Clarks has been in business for 185 years and has grown to operate over 900 stores in more than 35 countries, designing, manufacturing and selling more than 50 million pairs of shoes every year.
“We were able to secure an opportunity for Clarks to take a block-through space that puts them at the center of everything with the bonus of two entrances,” added Victor. “That’s a rarity for spaces of this size, especially in a neighborhood like SoHo.”
547 Broadway is a six-story, 40,000 s/f co-op building