Canadian Outdoor Brand Joins Active Flatiron Retail Corridor on Lower Fifth Avenue
New York---October 22, 2020 – Thor Equities Group, a global leader in urban real estate development, leasing and management, has completed a new lease with Arc’teryx, a leading Canadian outdoor fashion retailer at 139 Fifth Avenue, a six-story landmark mixed-use commercial office and retail building for its latest U.S. retail store slated to open in December 2020. The new location located within the sought-after Flatiron shopping corridor will includes the complete ground level comprised of 3700 SF and 3100 SF on the lower level. The Flatiron retail district is one of the most active retail markets in the City and Arc’teryx will join neighboring retailers including New Balance, Alo Yoga, Cole Hahn and Club Monaco, among numerous other high-traffic stores in the area.
“Thor is pleased to welcome Arc’teryx to 139 Fifth Avenue, one of the City’s premier shopping districts and the perfect location for this growing Canadian outdoor sportswear brand, said Chairman & CEO of Thor Equities, Joe Sitt. “We recognize that Arc’teryx will be an asset to the popular Flatiron district and will be at home amongst other world-class fitness, activewear and fashion retailers along lower Fifth Avenue.”
Arc’teryx is a Canadian company based in the Coast Mountains. The retailer’s design process is connected to the real world, focused on delivering durable, unrivaled performance. Arc’teryx’s products are distributed through more than 3,000 retail locations worldwide, including over 80 branded stores.
ABOUT THOR EQUITIES GROUP:
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.