High-end menswear e-tailer Trunk Club will open its first store at The Villard Mansion on Madison Avenue on November 1.
CBRE Group, Inc. announced today (Tuesday) that it represented the New York Palace Hotel, operated by Northwood Hospitality, in the 26,190 s/f retail lease for the New York flagship store of Trunk Club, an online store bought by Nordstrom earlier this year.
CBRE Retail’s Michael Kadosh, first vice president, and Robert Bonicoro, represented Northwood Hospitality in the transaction, which will see Trunk Club move into the Villard Mansion’s entire ground-through-6th floor space. Matthew Seigel, an executive vice president at Thor Retail Advisors represented Trunk Club in the deal.
“We are proud to welcome Trunk Club to the unique and breathtaking venue that is The Villard Mansion on Madison Avenue,” said Kadosh. “The Villard Mansion’s Renaissance style architecture is remarkable and makes for a very special building. The Mansion is adjacent to the luxury New York Palace Hotel and steps away from the heart of the Madison-Fifth Avenue luxury retail corridors. The Mansion offers Trunk Club the opportunity to benefit from the thriving surrounding office market, as well as from the built-in global exposure to the hotel and nearby landmarks.
“The building feels custom tailored for Trunk Club’s use as they are a perfect fit for the Villard Mansion. I believe their opening will be a catalyst for moving luxury further south on Madison Avenue.”
Northwood Hospitality has completed a comprehensive renovation of the luxury hotel, positioning the property as one of Manhattan’s most sought-after hotel destinations.