H&M Takes Largest 5th Ave. Lease Of 2012

Law360, New York (September 5, 2012, 1:47 PM EDT) -- International clothing retailer H&M Hennes & Mauritz AB has inked a 57,000-square-foot lease at 589 Fifth Ave. in New York for its new flagship store, the largest transaction the coveted shopping corridor has seen this year, broker CBRE Inc. said Wednesday.

H&M, which already has 10 stores in New York, will take over the bottom five floors of the building at the corner of Fifth Avenue and East 48th Street, plus a below-grade level, to create its largest store in the world.

Financial details and terms...
To view the full article, register now.