MSS Represents Acadia Realty Trust in Major Flatiron District Retail Lease with Bath & Body Works
Real Estate
Meister Seelig & Schuster PLLC (MSS) represented longtime client Acadia Realty Trust in connection with a significant retail leasing transaction that will bring Bath & Body Works to 129 Fifth Avenue in Manhattan’s Flatiron District.
The national beauty and personal care retailer has signed a lease for approximately 9,000 square feet of retail space spanning two levels at the property, located at the corner of Fifth Avenue and East 20th Street. The new location, expected to open in fall 2027, will mark Bath & Body Works’ fifth store in New York City.
Scott Newmark, Co-Chair of MSS’s Real Estate Department, led the legal representation of Acadia, with assistance from Associate Ben Goldstein, advising the client in connection with the lease transaction.
The deal follows Acadia’s June 2026 acquisition of the property’s retail portion for $9.5 million and underscores continued demand for prime retail space in Manhattan’s highly sought-after shopping corridors. The transaction further supports Acadia’s strategy of expanding its retail portfolio in high-traffic urban markets, including the Flatiron District and SoHo.
MSS’s Real Estate Department regularly advises prominent property owners, developers, investors, and commercial landlords on complex commercial real estate transactions, including retail and office leasing, acquisitions, dispositions, financing, and development throughout New York City and beyond.
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