RFR today announced a three-floor, 8,918-square-foot lease agreement with Totokaelo, a purveyor of beautifully designed and thoughtfully curated fashion and objects, at 190 Bowery, a six-story, 38,000-square-foot newly renovated, landmarked office and retail property located in the heart of the coveted NoHo neighborhood. Totokaelo is a business subsidiary of Herschel Capital Corp., the Vancouver-based owner of accessories brand Herschel Supply Co.
Founded by Jill Wenger, Totokaelofirst opened in Seattle in 2008 and quickly earned a reputation for sourcing avant-garde and directional designs. Totokaelooffers a wide array of designer brands, including Acne Studios, Comme des Garcons, Jil Sander, Maison Margiela, Mansur Garviel, Marni, ProenzaSchouler, RE/DONE, Vans, and Common Projects, among many others. Totokaelo has signed on for the space at 190 Bowery through early 2018. RFR continues to seek long-term tenants for 190 Bowery.
Jordan S. Claffey, executive vice president of RFR Retail, represented the landlord in-house. Brandon Singer and Michael Cody of Cushman & Wakefield also represented RFR as leasing agents for the property. Michael Yadgardof Maxwelle NY acted on behalf of the tenant.
“Totokaelo is a young-luxury retailer with an incredible product mix, aesthetic and mission,” said Mr. Claffey. “We welcome Totokaelo to 190 Broadway, an iconic building and an architectural crown jewel that continues to attract a variety of tenants.”
“The RFR/Cushman & Wakefield team is pleased to welcome Totokaelo to the Bowery’s retailrenaissance," Mr. Singer said. "We anticipate that the synergy between Totokaelo’s innovative products and 190 Bowery’s unique and architecturally significant space will create an unforgettable retail experience for shoppers.”
190 Bowery was constructed in 1898 by Robert Maynickein the Renaissance Revival style as the third home of the Germania Bank. Thebuilding is New York City landmarked and features 60 feet of frontage on Bowery and 140 feet of frontage on Spring Street.
About RFR
RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany. Founded by Aby Rosen and Michael Fuchs in the early 1990’s, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR’s portfolio has grown to include more than 100 properties located in select domestic and international markets. While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings. RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering. RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.
