Lease Beat

Adams & Co. Renewing up a Storm at World’s Tower Building

110 West 40th Street

With nearly a quarter of the tenant leases set to expire this year at the World’s Tower Building south of Times Square, Adams & Co. principal David Levy and broker Brett Maslin have already inked renewals for 16 of the 28 terminating lessees in the past two to three months, Commercial Observer has learned.

The Adams & Co. officials have represented both the tenants and the building’s ownership partnership of more than 60 people in transactions totaling around 30,000 square feet at the 125,000-square-foot terra cotta structure at 110 West 40th Street, Mr. Maslin said. Read More

Fashion Statements

The Children’s Wear Center: Where the Kids Fashion Deals Happen

Children's Wear Center

Shortly after Adams & Co. closed a lease renewal last week for one of its 60 children clothier tenants at Arcade Building Associates34 West 33rd Street, also known as the “Children’s Wear Center,” Adams & Co. principal David Levy and broker Brett Maslin invited Commercial Observer for an exclusive tour.

Kids fashion design companies lease space at the 12-story structure in order to showcase their designs to prospective retailers under one roof, utilizing a building that’s not well-shaped for traditional offices by employing a familiar Garment District strategy a few blocks south of the area’s traditional home. Read More

Lease Beat

Babyfair Renews in Garment District Showroom Space

34 West 33rd Street

Children’s wear company Babyfair signed a lease for five additional years starting after its current lease expires at the end of the year in its 9,820-square-foot showroom and office space on the 8th floor of Arcade Building Associates‘ 34 West 33rd Street property, Commercial Observer has learned.

The 12-floor structure, also known as the “Children’s Wear Building,” commands asking rents of $42 per square foot and features only tenants who make clothing for children and display it in showrooms for prospective retailers, said David Levy, the principal of Adams & Co. Read More

Lease Beat

Fashion Accessories Center Draws New Tenant

10 West 33rd Street

Children’s accessories designer and importer H.E.R. Accessories LTD is relocating its office and showroom to Ten West Thirty Third Associates10 West 33rd Street, also known as the Fashion Accessories Center. 

H.E.R. picked the Garment Center building because “the landlord runs a great building for accessory showroom companies,” said the tenant’s broker in the deal, Michael Beyda of Benchmark Properties. Also, H.E.R. liked the “quality of the space,” he added. the company is moving from 15 West 37th Street. Read More

Lease Beat

Fashion Accessories Center Reaches Capacity with Custom Jeweler

The Fashion Accessories Center at 10 West 33rd Street.

L&P Group USA has signed a new eight-year, 7,144-square-foot lease at Adams & Co.’s 10 West 33rd Street, bringing the building to 100 percent occupancy, Commercial Observer has learned.

The building, known as the Fashion Accessories Center, is a natural fit for the custom jewelry maker, which will relocate from its current address at 39 West 32nd Street in the coming weeks. Read More

Lease Beat

Wholesale Distributor Takes Space at 48 West 37

Adams

Marais, a wholesale distributor of ladies handbags and accessories, has signed a 10-year, 5,052-square-foot new lease at 48 West 37th Street.

The company, which asking rent was $39 per square foot, plans to use the space as general and executive offices as well as showroom space for their handbag and accessories company.

“Located in the Read More

Lease Beat

Burger Joint Smashes into Heavy Traffic Zone

A smashburger

Smashburger has signed a 5,432-square-foot new lease for a retail space at 10 West 33rd Street with plans to move in this coming April.

David Levy, principal of Adams & Co., who represented the tenant and the landlord, struck a concurrent deal for 1,385 square feet of contiguous space for a Dunkin Donuts.

“This is Read More

Lease Beat

David Peyser Sportswear Inc. Expands at 1071 AoA

Courtesy of Crain's

David Peyser Sportswear Inc. has renewed its lease at 1071 Avenue of the Americas.

The manufacturer of high-end outerwear and sportswear will add 3,545 square feet on the 8th floor to its 14,000-square-foot occupancy on the 12th floor at Ten Seventy One Associates’ building, spanning a total of 17,545 square feet. The deal comes on the heels of the company’s growth and expansion efforts of its mens outwear brand, WeatherproofRead More

Lease Beat

463 Seventh Avenue Locks in a Fashion Tenant

Comint Leather Goods has renewed its lease at the fully occupied Outerwear Building.

The family owned and operated outerwear manufacturer will continue to call its 6,739-square-foot office at 463 Seventh Avenue home. The term of the lease was not disclosed, but Comint Leather Goods plans to continue to utilize its space for general offices and a showroom for its products. Read More

Lease Beat

The Doneger Group Renews at 463 Seventh Avenue

463 7th_2

The Doneger Group has signed a 13-year renewal for 47,570 square feet on floors two and three at the Outerwear Building at 463 Seventh Avenue, The Commercial Observer has learned.

The tenant, a provider of brand intelligence for the fashion industry, will pay rent starting in the high-$30s per square foot, according to data from CompStak. Landlord Arsenal Company is asking between $38 and $42 per square foot for available space on the eighth, 11th and 13 floors, according to listings with landlord broker Adams & Company. Read More

Lease Beat

Everlast Leases Space at Menswear Building

DempseyWillardphoto-530x317

Everlast Worldwide is swinging into 42-52 West 39th Street.

The creator of boxing merchandise relocates from its Midtown South offices to the 175,000-square-foot building, known as the Menswear Building, with a 10-year, five-month, 12,582-square-foot leasing of the third floor at the 18-story building.

“They do apparel and sporting goods, which is a clear fit for the building, Read More

Lease Beat

Laser & Skin Surgery Center of New York Inks 6,654-SF Murray Hill Deal

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After a series of breakout deals at 317 East 34th Street, the Laser & Skin Surgery Center of New York has upped its footprint at the property to 32,794 square feet.

David Levy of Adams & Company represented the tenant and landlord, 317 East 34th Street LLC, in the latest transaction, a total 6,654-square-foot deal that includes a 4,547-square-foot new lease and 2,107-square-foot renewal. Read More

Lease Beat

Bernardo Fashions Renews at The Outerwear Building

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Bernardo Fashions has signed a six-year, 11,000-square-foot lease renewal at The Outerwear Building at 463 Seventh Avenue, where landlord Arsenal Company is resisting an influx of creative tenants creeping into the Fashion Corridor from Midtown South, The Commercial Observer has learned.

“A lot of the buildings in the area are staying away from apparel, but Read More

Lease Beat

Gina Group Expands at Fashion Accessories Center

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Gina Group LLC is expanding its presence at 10 West 33rd Street, otherwise known as the Fashion Accessories Center.

The manufacturing, licensing, and distribution company will be taking an additional 3,177 square feet on the third floor and 2,944 square feet on the fourth floor, bringing the company’s total occupation to 31,000 square feet in the building. Read More