High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Long Island  + Retail  | 

Cartier Store in East Hampton Fetches $22M 

Cushman & Wakefield has arranged the sale of a 5,000-square-foot retail property located at 1 Main St. and currently occupied by Cartier in East Hampton, NY. The final sale price was $22,000,000. 

Cushman & Wakefield’s Jordan Sutton, Robert Shapiro, Dan Abbondandolo and Victor Little represented the sellers, Elie and Jeremey Tahar. The property was acquired by Bernard Arnault of LVMH. 

“We are thrilled to have arranged the sale of 1 Main Street, one of the most iconic retail assets in East Hampton,” said Sutton. “Luxury brands such as LVMH have embraced the East End of Long Island, not just on a seasonal basis but a full-time lifestyle.” 

1 Main St. spans 5,000 square feet over two floors. The boutique building features natural light and a spacious layout. Neighboring retailers include Valentino, Chanel and Prada. 

Connect

Inside The Story

Cushman & Wakefield's Sutton

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action