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New to Manhattan’s Meatpacking district is the U.S. flagship store for global retailer Asics. At 3,600 square feet, the 420 West 14th Street location is the first stand-alone store for the 64-year-old brand, recognized as the No. 1 seller of men’s and women’s running shoes in the world.
Newmark Grubb Knight Frank (NGKF) Retail’s Trever Gallina and Tyler Scalzo represented Asics in the transaction. Winick Realty’s Jeff Winick and Kelly Gedinsky represented the landlord.
“There is tremendous energy here in the Meatpacking District, with its proximity to the west side running path and the High Line,” commented Mr. Gallina.”Asics knows that the customer in the Meatpacking District is a highly sophisticated and selective shopper that appreciates the brand.”
Asics kept much of the original elements of the space including the classic Meatpacking storefront awning and two old metal storage locker doors that will be used as a display table in the storefront display window. Incorporating the new design by world-renowned designers Mapos, the focal point is a running laboratory, which includes scientific analysis of the way a customer runs for customized fittings. The store also features a special showcase of its rare vintage sneakers.
About Asics
Asics originated in Kobe, Japan, where the first shoe was made in the founder’s living room. The 64-year old company is now a two billion dollar global brand. Asics designs, manufactures and sells the world’s #1, #2 and #3 top selling running shoe, the #1 selling wrestling shoe, the #2 and #3 tennis shoe, and the #1 and #3 selling track & field shoes.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.