As the divide widens over an appropriate rent for prime ground-floor retail digs, a landlord and a retailer are deadlocked in a duel on the streets of Madison Avenue. The dispute between Barneys, the retailer with racks lined with high-end brands, and Ashkenazy Acquisition Corporation over the 230,000-square-foot flagship store at in the Upper East Side is nearing a conclusion, with the landlord seeking to triple the rent. An arbitrator was assigned last year after […]
source https://therealdeal.com/2018/05/30/the-retail-rent-test-arbitrator-to-decide-what-barneys-madison-ave-flagship-is-worth/
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