Sportswear Holdings Ltd., a investment firm that recently sold its roughly $900 million share in Michael Kors, has leased 20,000 square feet at 9 West 57th Street between Fifth Avenue and Avenue of the Americas.
First reported by Crain’s New York Business, the Hong Kong-based company founded by billionaires Lawrence Stroll and Silas Chou is taking space on two floors that include views of Central Park. The company will occupy 5,000 square feet on the 50th floor, the building’s highest, and 15,000 square feet on the 49th floor.
According to Crain’s, rents in the building exceed $200 per square foot.
Though the paper reported that a leasing team from JLL headed by Scott Panzer orchestrates the building’s leasing, the company did not respond to Commercial Observer’s request for comment.
It remained unclear who the brokers were on the tenant’s side of the transaction.
The Solow Building, owned by billionaire Sheldon Solow, is a 1.4 million-square-foot skyscraper built by Skidmore, Owings and Merrill and completed in 1974. With tenants including hedge fund Och-Ziff Capital Management Group, Apollo and KKR, it remains one of Midtown’s most exclusive addresses.
The building’s landlord also declined to comment on the transaction.