Cache Consolidates in Garment District
Jotham Sederstrom May 31, 2012, 9 a.m.
Caché, a mall-oriented purveyor of womenswear, will be consolidating two of its New York City offices into a singular one at 256 West 38th Street, according to published reports.
The company will be taking 43,100 square feet at the Garment District building, which is owned by East End Capital and GreenOak Real Estate.
Jones Lang LaSalle represented Caché in the deal. Michael Frantz of Newmark Grubb Knight Frank represented East End Capital.
Caché is moving from its two offices at 1440 Broadway and 260 West 39th Street to three floors at 256 West 38th Street, according to Crain’s, which broke the news of the deal.
Caché will occupy the entire third, fourth, and sixth floors. The lease is for 10 years and asking rents were $37-a-square-foot.
The womenswear company will be joining other fashionable tenants like Betsey Johnson, Gerard Yosca Jewelry, and Jonathan Apparel, according to CoStar data.
The building, which East End purchased in 2011, is currently undergoing a capital improvement program that will install new elevators, a new HVAC, and a new lobby.
Mr. Frantz declined to comment when reached by phone. East End did not immediately respond to a message requesting comment.