Thor Equities Group, a global leader in urban real estate development, leasing, and management, today announced it has signed a long-term lease with iconic American apparel and accessories retailer, Abercrombie & Fitch, at 139 Fifth Avenue in Flatiron.
Abercrombie & Fitch was founded in 1892 and has since grown to be one of the world’s leading specialty retailers through its five popular brands including abercrombie kids, Hollister, Social Tourist, and Gilly Hicks. With 770 stores in operation across North America, Europe, Asia, and the Middle East, Abercrombie & Fitch is committed to creating comfortable, quality collections of apparel and accessories. At 139 Fifth Avenue in Flatiron, Abercrombie & Fitch will occupy a total of 6,750 square feet across the ground floor and lower level and benefit from 30 feet of frontage on Fifth Avenue.
“The Flatiron District is one of New York City’s most coveted destinations and Abercrombie & Fitch is a fantastic addition to the area’s shopping scene. Their decision to open their second location in Manhattan at 139 Fifth Avenue is representative of the neighborhood’s allure and we cannot wait to see what they have planned,” said Executive Vice President of Thor Equities, Jack J. Sitt.
Thor Equities’ recent activity includes an vital long-term lease with leading plasma donation service, Olgam Life, at 135 E. 125th Street in Harlem and notable acquisitions in the industrial sector across the nation. In 2022, Thor acquired a mix of high-quality industrial facilities, development sites, and outdoor storage properties in Atlanta, Dallas, Northern New Jersey, Philadelphia, and Chicago.
Last month, Thor Equities’ Chairman, Joe Sitt, made a guest appearance on Fox Business to discuss the highlights and challenges facing markets worldwide. With Varney & Co., he discussed a changing ‘world order’ due to a tremendous wave in onshoring, as well as demand for real estate across different asset classes from Dubai to San Francisco, and economic benefits expected to hit the Southeastern United States. Please visit Fox Business for his full segment.