A window design and shade manufacturer has renewed its full-floor space in the Flatiron District, Commercial Observer has learned.
Phase II Products will stay in its 5,242-square-foot space at the 67,281-square-foot 121 East 24th Street for another seven years, according to Adams & Co. The more than 25-year-old company uses the entire fourth floor of the 12-story property between Lexington Avenue and Park Avenue South for offices and a showroom.
“The full-floor layout allows the company to have one cohesive showroom, design and office space so that employees can work together to create quality window treatments,” James Buslik of Adams & Co., who represented both the tenant and landlord Kofler Associates, said in a statement. “The desirable location only two blocks from the Flatiron Building at 121 East 24th Street also offers nearby food, beverage and entertainment options for employees or clients who come and go from the office showroom.”
Asking rent in the deal was $50 per square foot, according to the Garment District-based brokerage.
Phase II Products’ main office is in San Diego, according to its website, and uses its New York City office for creative services, product development and merchandising. It has been based at the building since July 2004.
E.D., a lifestyle brand co-founded by Ellen DeGeneres, is also a tenant in the 74-year-old structure. The company signed a lease in July 2014 for the entire 11th floor, or 5,186 square feet, as CO reported at the time.