MAC to reduce NY footprint by 10,000 sq ft with sublet of four stores

MAC to reduce NY footprint by 10,000 sq ft with sublet of four stores

THE WHAT? Lauder-owned MAC has hired Cushman & Wakefield to help it sublease four of its New York City stores, according to a report published by The Real Deal.

THE DETAILS The make-up brand is hoping to find tenants for its Manhattan locations at 210 East 86th Street, 853 Broadway, 689 Fifth Avenue and the Brooklyn-based 165 Smith Street. All the stores reportedly closed permanently prior to the pandemic.

THE WHY? A representative for The Estee Lauder Companies told The Real Deal, “As the brand pivots [its] business to meet evolving retail dynamics and consumer preferences, MAC is investing more in retail experiences and focusing on key locations, which involves new openings, closures, renovations and relocations.”

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