Soho Clothing Company Inks 68K-SF Deal at Brooklyn Navy Yard
By Terence Cullen January 30, 2017 7:15 pm
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Lafayette 148 New York, a Soho-based clothing company, announced today it will move its Manhattan offices to the Brooklyn Navy Yard.
The 20-year-old retailer signed a 68,000-square-foot office lease at the 1-million-square-foot Building 77, according to a press release from the entity that controls the yard. Roughly 200 employees at Lafayette 148 New York are slated to move to the property, which sits on Flushing Avenue between Vanderbilt and Clermont Avenues.
Lafayette 148 New York’s lease is for 15 years, according to a spokeswoman for the Brooklyn Navy Yard Development Corporation, the company that runs the city-owned converted shipyard. She declined to provide the asking rent in the deal.
“We’ve been seeking industry leaders for the top floors of Building 77 and we found a major global brand in Lafayette 148 New York,” David Ehrenberg, the yard’s president and chief executive officer, said in prepared remarks. “They are the perfect fit for our dynamic ecosystem and manufacturing environment.”
The company will occupy a bulk of the 74,000-square-foot 14th floor, the spokeswoman added. Brokers were not involved in the deal, she said.
Lafayette 148 New York will keep its concept store at 148 Lafayette Street between Howard and Grand Streets, according to The Wall Street Journal, which first reported news of the Brooklyn Navy Yard deal.
“We are excited to join the thriving tech and creative community in Brooklyn and contribute to the extraordinary growth of the Brooklyn Navy Yard,” Deirdre Quinn, the co-founder and CEO of Lafayette 148 New York, said in a statement.
Brooklyn Navy Yard Development Corporation has poured about $185 million into the 75-year-old Building 77. In September 2016, Dutch business incubator B.Amsterdam announced it would take 100,000 square feet at the property to open a location for European companies entering the New York City market.
