Commercial Real Estate & Advisory

Growing Uniqlo Finds Bigger Site

By Elisabeth Butler | June 11, 2007

UniqloA year after entering the U.S. market, Japanese retailer Uniqlo has outgrown its local headquarters. The company is relocating its offices and design studios to a 14,300-square-foot space at 101 Sixth Ave., between Grand and Watts streets.
Uniqlo will decamp from a 3,400-square-foot space at 155 Spring St. by the end of the month. The new site, located within walking distance of its U.S. flagship store on Broadway, will feature plenty of room for growth.

“They regularly have a group of designers visit from Japan, and they needed to be able to accommodate them,” says Michelle Stone, the Sinvin Realty broker who negotiated the two-year deal for Uniqlo.

Ms. Stone says that executives signed a relatively short lease in case Uniqlo outgrows the location. The lease comes with one three-year option. The asking rent was $27 per square foot.

Uniqlo operates four permanent stores and several temporary “pop-up” shops in the United States. The company is aggressively seeking new locations around the country.

Mark Weiss, a principal at Newmark Knight Frank, represented sublessor SEIU Local 32BJ in the deal.