NEW YORK CITY-Forever 21, an apparel retailer based in Los Angeles, has inked a six-month temporary lease for 50,000 square feet of space on the eighth floor of the Takashimaya tower on Fifth Avenue, situated between the 54th and 55th streets.
Thor Equities was the owner of the building, who bought it for $142 million during the summer. The asking rent was not disclosed. However, the place could fetch over $2,500 per square foot as asking rent. For the full story, go to Wall Street Journal.
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