Italian fashion retailer Calzedonia will open an outpost of its Intimissimi lingerie brand in the Flatiron District, Commercial Observer has learned. Calzedonia signed a 10-year lease for 5,500 square feet — 2,500 square feet on the ground floor and 3,000 square feet in the basement — at 97 Fifth Avenue, according to a source with knowledge of the deal. Asking rent was $300 per square foot.

The retailer — which sells socks, tights, leggings and beachwear — was founded in 1986 in Verona, Italy, and expanded into New York City with its first store at 601 Fifth Avenue in Midtown in 2017, as CO previously reported. The next year, it inked a deal to open a 6,300-square-foot outpost at 521 Broadway in SoHo. Both storefronts also host Intimissimi sections.