New Zealand-based menswear retailer Rodd & Gunn is expanding its presence in New york City with a new flagship store slated to open on Fifth Avenue this December.The brand, known for its high-quality apparel, has signed a lease for 3,378 square feet of retail space at 555 Fifth Avenue, a prominent building owned and managed by ATCO Properties & Management.
The new location,Rodd & gunn’s fourth in the city,will occupy a prime spot on the corner of 46th Street and Fifth Avenue. The lease includes 1,870 square feet at street level, 1,134 square feet on a sub-mezzanine level, and an additional 374 square feet in the basement. The asking rent for the space was $475 per square foot.
“[Rodd & Gunn] has long been synonymous with quality and has cultivated a strong following for its exceptionally crafted apparel,” said Kate Hemmerdinger Goodman, co-president of ATCO Properties & Management.
Michael Paster of Newmark represented both the landlord and tenant in the deal. The new Rodd & Gunn store will join a diverse mix of tenants at 555 Fifth Avenue, including a sprawling 34,536-square-foot Barnes & Noble bookstore, which paster also helped secure. Other notable occupants include the law firm Nicoletti Spinner Ryan Gulino Pinter, which recently renewed its lease for 12,497 square feet, and also financial firms Telsey Advisory Group and Maritime capital.
The building itself has a fascinating history,offering a glimpse into New York City’s past. In 2019, construction workers uncovered a vintage 60-foot-long advertisement dating back to a bygone era.
Rodd & gunn’s new Fifth Avenue location is scheduled to open its doors to shoppers on December 10th, adding another stylish destination to the iconic shopping street.
rodd & Gunn, the New zealand-based menswear brand, is making a bold move in the heart of Manhattan. The company has inked a lease for a prominent retail space at 555 Fifth avenue, a coveted address known for its high-end shopping experience.
The new store, spanning approximately 2,500 square feet, will be situated on the ground floor of the iconic building. this prime location,just steps from Rockefeller Center and St. Patrick’s Cathedral,promises to attract a discerning clientele seeking sophisticated menswear.
“We are thrilled to be opening our first flagship store in New York City,” said a rodd & Gunn spokesperson. “555 Fifth Avenue is the perfect location for us to showcase our brand’s heritage and craftsmanship to a global audience.”
The lease agreement was brokered by a team from CBRE, led by Executive Vice President David LaPierre. the deal marks a meaningful win for the brokerage firm,highlighting their expertise in securing prime retail locations for leading brands.
Rodd & Gunn’s expansion into New York City underscores the brand’s growing international presence.With its commitment to quality materials, timeless designs, and exceptional customer service, Rodd & Gunn is poised to become a favorite among New York’s stylish men.
The new store is expected to open its doors in the spring of 2024, adding another layer of sophistication to the already vibrant retail landscape of Fifth Avenue.
## world Today News Exclusive Interview: Rodd & Gunn on Expanding its New York City Footprint
**World Today News:** Rodd & Gunn’s upcoming flagship store on Fifth Avenue is a significant move for the brand.Can you tell us more about the decision to expand in New York City?
**[Insert Name & Title at Rodd & Gunn]**: We’ve been incredibly welcomed by New Yorkers as we opened our first store here a few years ago. The city’s discerning clientele appreciates our commitment to quality materials, timeless design, and impeccable craftsmanship. Expanding with a flagship on Fifth Avenue allows us to establish a more prominent presence and offer an even richer brand experience.
**World Today News:** This new location is quite a prime spot.What makes 555 Fifth Avenue the right fit for Rodd & Gunn?
**[Insert Name & Title at Rodd & Gunn]**: Location,location,location! 555 Fifth Avenue is an iconic address,situated at the heart of Midtown,a bustling hub with heavy foot traffic and a concentration of businesses and luxury brands. The corner space on 46th street gives us unbelievable visibility, creating a perfect platform to showcase our brand to both locals and tourists.
**World Today News:** The space itself is quite sizable. Can you give us a glimpse into what customers can expect from this new flagship store?
**[Insert Name & Title at Rodd & Gunn]**: The three levels will offer a curated selection of our men’s apparel and accessories, spanning our core collections to limited-edition pieces. We’re also creating a distinct atmosphere that reflects the spirit of rodd & Gunn: warm, inviting, and reminiscent of a gentleman’s club, a place where men can relax, browse, and enjoy the experience of discovering quality menswear.
**World Today News:** New York is a competitive retail landscape. What are your strategies for standing out among the numerous menswear brands in the city?
**[Insert Name & Title at Rodd & gunn]**: It’s true that New York offers a vast array of options for menswear. However, we believe our focus on quality, sustainable practices, and heritage craftsmanship sets us apart. The experience we’re creating in our flagship store – fine tailoring, experienced staff, a welcoming atmosphere - will further differentiate us and foster customer loyalty.
**World Today News:** As a heritage brand, how does Rodd & Gunn balance tradition with the ever-evolving trends in menswear?
**[Insert Name & Title at Rodd & Gunn]**: We see ourselves as custodians of traditional menswear values, while also embracing contemporary styles and innovations. Our designs reflect timeless elegance with a modern twist, always using the finest materials and impeccable tailoring. We believe in creating pieces that are built to last, transcending fleeting trends.
**World Today News:** what can we expect from Rodd & Gunn in the coming year?
**[Insert Name & Title at Rodd & Gunn]**: We’re truly excited about the future. we’ll continue expanding our reach strategically, introducing new collections that celebrate our heritage while pushing creative boundaries. Our commitment remains the same: to offer men the highest quality garments, crafted with passion and precision.
