VF Sportswear Signs 100K S/F Renewal at 40 West 57th Street
Clothing manufacturer VF Corporation’s sportswear division has signed a 100,000-square-foot renewal at the LeFrak Organization’s 40 West 57th Street. In the deal commencing in April 2016, the tenant will remain on floors six through nine and vacate floors three through five.
VF Sportswear owns both Nautica and Kipling U.S. brands. The parent company, VF Corporation, headquartered in Greensboro, N.C., owns a number of prominent clothing brands, including Wrangler, Lee Jeans, JanSport, The North Face, Vans, Timberland and others.
As reported by The Commercial Observer, Northern Trust signed a 25,000-square-foot lease at the Plaza District property earlier this year. The financial services company took the entire 21st floor of the 34-story tower.
In a building and district largely dominated by finance service firms, the LeFrak-owned tower is also home to JPMorgan’s Highbridge Capital Management hedge fund and Elliott Management.
Don Preate and Ed Donnery of Cushman & Wakefield (CWK) represented the tenant in the transaction. Charles Borrok, also of C&W, represented the landlord.
Cushman & Wakefield declined requests for comment. Representatives of the LeFrak Organization were not immediately available. VF Corporation did not return requests seeking comment by press time.