NEW YORK CITY-Retailer Juicy Couture is reportedly being paid $50 million to leave its store located in the base of 650 Fifth Ave.
The retailer could close the shop by January with more than seven years remaining on its lease, according to the New York Post. Earlier this month, a US Federal Justice gave SL Green Realty Corp. and Jeff Sutton the go-ahead to acquire the master lease for all the retail space in the 36-story building.
The deal for the retail space by SL Green and Sutton involves approximately 18,000 square feet in the basement, ground, second and third floors. See story in the New York Post.
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