Japanese fashion brand buys long-vacant Madison Avenue retail site

The Japanese fashion brand Adeam has purchased an Upper East Side retail site that has been vacant for more than a year. The company purchased the five-story townhouse at 770 Madison Avenue for $31 million from Galo Shoes, which had owned the building since at least 1981, according to property records. The building housed the trendy dress shop BCBGMAXAZRIA for more than 10 years, but the store closed in February 2017 as part of a larger […]

from The Real Deal New York https://ift.tt/2LaJfO8