Savitt Partners’ 530 Seventh Avenue has two new tenants, thanks to an old one.
Damo Textile signed a new lease for 4,900 square feet on the 14th floor. The off-price junior and missy apparel wholesaler has occupied 1,700 square feet on the building’s ninth floor since 2012. Damo will move up the five floors to a new space, which it will share with Celebrity Pink, a related apparel company. And it’s keeping its original space too, subletting it to another sister company (which Savitt declined to name). The asking price was $58 per square foot.
The three fashion brands join the likes of Melissa Odabash (swimwear by a former model), Vince Camuto Active and DL1961 (denim) in the 490,000-square-foot Garment District property between West 38th and West 39th Streets built in 1930.
Savitt Partners Founder and President Bob Savitt and Director Nicole Goetz are the leasing agents for 530 Seventh Avenue. Savitt Managing Directors Marc Schoen and Brian Neugeboren represented the tenant.
“Damo Textiles has been in 530 Seventh Avenue for a while and they love the building,” said Mr. Neugeboren in a statement. “The team wanted to stay in the building due to its central location and flexible space options. We knew we had the perfect place for them.”