Cushman & Wakefield Retail Team Awarded Major Retail Leasing Assignment

TORONTO, ONTARIO--(Marketwired - Aug. 19, 2014) - Cushman & Wakefield announced today the appointment as retail leasing agent for 100 Bloor Street West. Currently occupied by Pottery Barn and Williams Sonoma, the flagship retail space represents the largest block of available space on Bloor Street in the past 20 years.

Cushman & Wakefield's seasoned retail team comprised of Arlin Markowitz, vice president, based in downtown Toronto, and Gene Spiegelman, vice chairman, in New York, will lead the assignment.

100 Bloor Street West is one of Canada's most iconic and premium retail locations. 42,000 square feet of outstanding retail space will be available for occupancy as of February 2015. The space may be divided and will offer global brands the opportunity to lease one of three configurations ranging from 11,000 square feet, 30,000 square feet or the entire 42,000 square feet.

"Flagship retail space on Bloor Street is highly sought after by leading global retail brands.100 Bloor Street West offers an exclusive and rare opportunity to gain a prominent position on Canada's world-renowned luxury shopping street," said Arlin Markowitz, vice president, Cushman & Wakefield.

Current street-level rents on Bloor Street West range from $300-$350 per square foot while mezzanine space ranges from $65-$100 per square foot.

Once the home to the iconic University Theatre, 100 Bloor Street West offers 200 feet of frontage on Canada's most prestigious shopping street.

"This site represents a significant opportunity for global retailers looking to make a big impact in the Canadian market," said Mr. Spiegelman. "It's a rare site in a premium location and we expect strong interest from iconic retailers."

Notable tenants of the high-end shopping district include Tiffany's, Dolce & Gabbana, Chanel, Prada, Brooks Brothers, Cartier, Louis Vuitton, and Hermès. The property will be available for lease in the first quarter of 2015.

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.