Beck Street Capital Announces Bleecker Street Lease with Luxury Retailer Burberry

NEW YORK, Sept. 20 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced that Burberry, the luxury apparel retailer, has signed a 10-year lease at 367-369 Bleecker Street in New York City.

"When preliminarily marketing this space, one of the first tenant names that came to mind was Burberry. We believe that Burberry will utilize this picturesque, perfectly located and extremely unique space to its fullest extent," said Kevin Comer, Senior Managing Director of Beck Street Capital.

367-369 Bleecker Street was acquired by Beck Street Capital in 2004 and was successfully converted to condominiums in 2006. The retail condominium features two ground-level storefronts and a bright selling basement, both of which make this space one of the largest on Bleecker Street with 50 feet of frontage. Located on, arguably, the best corner in the West Village, this retail condominium is nestled amongst other high end retailers such as Ralph Lauren, Michael Kors, Black Fleece by Brooks Brothers, A.P.C., Marc Jacobs, Cynthia Rowley, Brunello Cucinelli, Bonpoint, and Jack Spade.

Burberry is a global luxury brand with a distinctive British heritage, core outerwear base and one of the most recognized icons in the world. Headquartered in London, Burberry was founded in 1856. It is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index.

Joel Isaacs and David Baker of Isaacs and Company represented Beck Street Capital and Joan Siegel of Siegel Consultants represented Burberry in the lease transaction.

About Beck Street Capital

Beck Street Capital is a private real estate investment firm headquartered in New York City. Formed in 2000, Beck Street Capital invests in high value-added, mixed-use investment properties in dense urban locations with high barriers to entry. Beck Street invests in a number of asset classes, including office, residential and retail, and has successfully completed value creation strategies that include retail repositioning, residential condominium conversion, and asset redevelopment. For more about Beck Street, visit www.beckstreetcapital.com.

SOURCE Beck Street Capital

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