Gina Group Expands at Fashion Accessories Center
Michael Ewing May 24, 2013, 11:30 a.m.
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.
The spaces will be used for general and executive offices as well as a showroom for their products. In addition to family hosiery and accessories, the Gina Group works with notable brands like Rocawear, Steve Madden, Rampage, and HH by Harve Benard.
“We are pleased Gina Group has chosen to expand their company and space at the Fashion Accessories Center,” said David Levy, a principal at Adams & Co. and broker on the transaction, in a prepared statement.
“Ten West 33rd Street includes many like-minded tenants that thoroughly enjoy the buildings spacious layouts and central location in the heart of the fashion hub of NYC, the Garment District.”
The two expansion leases have slightly different terms. The space on the third floor – spanning 3,177 square feet – is set for 10 years and 10 months with asking rent at $42 per square feet. The space on the fourth, however, is set for 10 years and eight months with rent at $44 per square foot.
The landlord, Ten West Thirty Third Associates, was represented by Mr. Levy, who in combination with Adams & Co. represents several other buildings in the Garment District including the Childrenwear Center and the Menswear Center.
The brokers that represented Gina Group were not disclosed, however.