Property is Part of Rose Associates Expansive NYC Commercial Portfolio
Rose Associates, the New York-based multifamily real estate developer and manager, has announced that Frette recently signed a 1,570-square-foot, 10-year lease at 806 Madison Avenue in New York City. The Rose-managed space is at street level and located on the southwest corner of 68th Street and Madison Avenue.
Christian Stanton, managing director of Cushman & Wakefield, represented building owner Storepark LLC in the transaction. The CBRE team of Joseph Hudson and Duane Davis represented Frette, the Italian textile company known for its luxury linens.Fretteplans to relocate to 806 Madison Avenueby August 2023.
“806 Madison Avenue is located in the heart of New York’s premier retail corridor, and we are pleased to have worked with Cushman & Wakefield, CBRE and Storepark to facilitate a lease that keeps Frette well positioned in this neighborhood for years to come,” said Michele Bengelsdorf, managing director of asset management at Rose Associates.
Rose Associates’ commercial real estate division oversees the leasing and management of roughly onemillion-square-feet of commercial space. The company has retail properties in neighborhoods that includethe Flatiron, Greenwich Village, Chelsea and downtown Brooklyn. Rose is currently marketing an additional retail space at 1245 Madison Avenue at 89th Street.
About Rose Associates
Established in 1925, Rose Associates is a premier real estate firm specializing in multifamily rental properties in New York City and the tristate area. Focused on the development, acquisition and management of the highest quality assets, the firm is currently developing six properties in the New York City metropolitan area. Rose’s management platform incorporates state-of-the-art services to maximize revenue and enhance asset value, ensuring that Rose properties consistently outperform the market. Under the leadership of CEO and President Amy Rose, the firm is a certified Women’s Business Enterprise that is currently pursuing a diverse and aggressive growth strategy.
About Frette
For 160 years, Frette has introduced elegant comfort to discerning clients around the world by way of masterfully crafted linens and decorative home accessories of unparalleled quality.
Based in Monza and Milan, Frette uses only the finest natural fibres to empower master Italian artisans who bring to life products that embody luxury, timelessness and creativity.
Known for their original design and inimitable finish and feel, Frette linens have historically been featured everywhere from the altar of St. Peter’s Basilica to the dining car of the Orient Express, with more than 500 European royal families having slept beneath Frette sheets.
Today, Frette can be found at its elegant boutiques, celebrated department stores, and more than 1,500 luxury hotels worldwide along with private clients’ homes, yachts and jets. With a
heritage defined by craftsmanship and an outlook rooted in innovation, Frette will continue to outfit the world’s most exceptional spaces for generations to come.
