July 30, 2020
Cushman & Wakefield arranged a 4,000-square-foot lease for Polestar’s new pop-up showroom on the ground floor of 5 East 59th St. Polestar, a Volvo company specializing in electric vehicles, will use the space to educate consumers about the benefits of owning and driving a Polestar car. This is the company’s first lease in Manhattan.
A Cushman & Wakefield team of Andrew Kahn and Christian Stanton represented the landlord, Capstone Equities. Jason Greenstone, also of Cushman & Wakefield, represented the tenant.
“Polestar fills the last remaining space on one of the best retail blocks in New York and joins new retailers on the street, including Balenciaga, Balmain, Bape, Delvaux, Dior, Celine and, of course, the new Apple store,” said Kahn.
The new space will be Polestar’s third pop-up showroom in the U.S., joining locations in Los Angeles and San Francisco.
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