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New York & Tri-State  + Downtown New York  + Retail  | 

Parachute Home, Pandora Sign Retail Leases with Bromley Companies

Bromley Companies has secured two new signed leases at 122 Fifth Ave., an 11-story, mixed-use redevelopment project. The Flatiron/Union Square property will now be home to Parachute Home and Pandora, along with athleisure retailer Allbirds, which opened its flagship at 122 Fifth in February. 

Parachute Home signed a 10-year lease for 3,431 square feet at 122 Fifth’s ground-floor level with an expected opening date of Spring 2023. This will be the retailer’s third and largest flagship location in New York City. Newmark Retail’s Pierce Thompson and Jeremy Ezra represented Parachute Home. 

Next door, Danish jeweler Pandora leased 2,500 square feet for 10 years and is expected to open before Thanksgiving of 2022. Pandora was represented by JLL’s Robert Gibson, Davie Berke and Alexandra Sanoulis. 

Alan Schmerzler, Sean Moran and Pat O’Rourke of Cushman & Wakefield represented Bromley Companies in both transactions. 


Inside The Story

Bromley Companies

About Paul Bubny

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. 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 15-20 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 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).

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