Following a significant rent hike, Barneys New York plans to shrink its flagship Manhattan store by more than half. The department store owner is in talks to let go of up to five of the nine floors the store occupies at 660 Madison Avenue, the New York Post reported. The move is an effort to cut back on Barneys’ $30 million in annual rent. Executives have floated giving up floors five through nine and possibly […]
source https://therealdeal.com/2019/03/28/barneys-plans-to-give-up-space-at-its-madison-avenue-flagship/
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