NEW YORK CITY-Luxury Italian retailer Prada has renewed its 20,740-square-foot lease at 724 Fifth Ave.

Prada has recommitted for its space at the property that includes four retail stores and once office. The firm has occupied the space since 1997, according to the Commercial Observer.

The early renewal deal adds 15 years to the lease term that extends the lease through 2028. The building is owned by a partnership of SL Green Realty and Jeff Sutton. See story in the Commercial Observer.

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