Art Crossroads

"We are delighted to take residence in 6 Burlington Gardens, in the heart of Mayfair and at the crossroads of the international art world," the dealership's president Marc Glimcher said in an emailed statement.

Pace joins fellow New York dealers Per Skarstedt, Michael Werner and David Zwirner scheduling to open spaces in Mayfair during "Frieze Week."

U.S. galleries have been attracted by the growing number of wealthy people from outside the U.K. buying London properties as a hedge against economic and political instability.

Pace already has a space in London in Lexington Street, Soho, which opened in October 2011, as well as four galleries in Manhattan and one in Beijing.

The dealership's Royal Academy branch will be inaugurated with the show, "Rothko/Sugimoto: Dark Paintings and Seascapes," opening on Oct. 4 through Nov. 16.

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