Trinity Real Estate’s Fit to be Thai’ed, Signs Thakoon Panichgul
Daniel Edward Rosen Oct. 1, 2012, 10:59 a.m.
A Thai designer of fashionable womenswear has become the latest couture client to lease space at a Trinity Real Estate building, it was announced this morning.
Thakoon Panichgul, a Thai-American designer who has previously collaborated with the Gap and Nine West, has signed a 13-year lease for 12,000 square feet of space at 225 Varick Street.
Thakoon was represented by Marc Schoen, Michael Schoen, and Brian Neugeboren, all of Savitt Partners. Trinity Real Estate was represented in-house by Peter Fontanetta.
Asking rents at 225 Varick Street are $42-a-square-foot, according to CoStar data.
Thakoon will be taking space at the third floor of the 12-story building. Tenants in the building include National Audubon Society and Workman Publishing. The building recently underwent a capital improvement program that renovated its lobby and security features.
There are two additional vacancies on the third floor–at smaller floorplates of 3,216 square feet and 2,510 square feet –that are currently being marketed, according to CoStar.
Trinity Real Estate has lured in several notable fashion tenants in recent months to its Hudson Square area buildings. Tory Burch took two floors, at a total of 80,000 square feet, at 350 Hudson Street.
Designer Jen Kao inked a 10-year-lease for 9,715 square feet at 10 Hudson Square in November 2011, and Phillip Lim took 25,000 square feet at 304 Hudson Street earlier that same year.
Marc Schoen did not immediately respond to a request for comment.
In a statement, Trinity Real Estate President Jason Pizer said that Thakoon’s lease was further testament to the Hudson Square area becoming a thriving creative locale for young companies.
“Hudson Square has become a hub for creative businesses and, more recently, a destination for fashion industry tenants drawn by the energy as well as the quality and character of the space,” Mr. Pizer in a statement.