Thor Equities Group leased nearly 13,000 square feet at 597 Fifth Ave. to Club Monaco for a three-year term. The retail deal brings Thor’s upper Fifth Avenue portfolio to 100% leased.
“An exceptionally elegant building with a rich history, 597 Fifth Ave. offers Club Monaco an unrivaled opportunity to intrigue crowds on Fifth Avenue,” said Joe Sitt, chairman of Thor Equities. Given its grand staircase and 31-foot ceilings, he added, “the property’s opulent interior offers Club Monaco’s clientele an experience unlike any other and we are thrilled to welcome them to this iconic address.”
The property was built in 1912-1913 for Charles Scribner’s Sons Bookstore. Located near the new Lululemon, Sephora, and Puma flagships, as well as H&M and Saks Fifth Avenue, 597 Fifth is across from Rockefeller Center.
Thor handled the Club Monaco deal in-house. NKF’s Robert Cohen and Peter Whitenack represented Club Monaco.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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