Pursuits
Coach Leases Space for Flagship Store on NYC's Fifth Avenue
- Bag maker, Weitzman brand to join priciest shopping corridor
- Coach said to be paying rent of about $4,000 a square foot
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Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a flagship store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Coach will have about 23,400 square feet (2,200 square meters) at the property, General Growth said on its quarterly earnings conference call. The Chicago-based company, the second-largest U.S. mall owner, owns the property with Joseph Sitt’s closely held Thor Equities LLC.