Euro Cosmetics retailer arrives in Times Square

Real Estate Weekly, June 3, 2009

Cushman & Wakefield Retail Services announced that Inglot, a European cosmetics retailer, has signed a new retail lease in Times Square for its first U.S. store.

Inglot signed a 10-year lease for 675 s/f at 1592 Broadway (AKA 2 Times Square), located on the corner of 48th Street in the heart of Times Square.

Cushman & Wakefield Retail Services brokerage professionals David Tricarico and Devon McBride are representing Inglot in its U.S. expansion, which will focus on select locations throughout the country.

Tricarico and McBride represented Inglot in lease negotiations with the landlord at 1592 Broadway, Sherwood Equities.

"The exceptional branding opportunity of a Times Square flagship attracted Inglot to 1592 Broadway," said Tricarico, a director at Cushman & Wakefield. "As a new brand entering the U.S. marketplace, taking possession of such a centrally located retail space was extremely opportunistic for Inglot."

"The all-glass exposure at 1592 Broadway offered Inglot accessibility and visibility, putting its brand front-and-center for the thousands of shoppers who walk through Times Square daily," said McBride, an associate at Cushman & Wakefield.

Founded in Europe more than 25 years ago, Inglot is a global brand currently operating throughout Europe, Canada, the Middle East and Australia. Fred Rosenberg represented Sherwood Equities in-house.