• Nike signs one of NYC's most expensive retail leases ever at 650 Fifth

    10 days ago - By The Real Deal New York

    UPDATED,: 5:45 p.m., Nov. 30: In one of the most expensive retail deals ever struck in Manhattan, Nike is taking more than 60,000 square feet at 650 Fifth Avenue. The lease starts at approximately $35 million and is worth a combined $700 million over the term, a source familiar with the transaction told The Real Deal. The Commercial Observer first reported news of the lease earlier Wednesday. SL Green Realty and Jeff Sutton's Wharton Properties own the... [more]
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  • Nike just did it at 650 Fifth Avenue

    10 days ago - By The Real Deal New York

    After at least three years of searching for a new space, Nike has inked a 15-year lease for a new store on Fifth Avenue. The retailer plans to open a more than 60,000-square-foot store at 650 Fifth Avenue, the Commercial Observer reported. SL Green Realty and Jeff Sutton's Wharton Properties own the long-term leasehold for the retail portion of the office building, which spans 395,000 square feet. The companies recently added new floors to the... [more]
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