One garment company is subleasing office space from another in the heart of the Garment District.
Girls clothing manufacturer Kahn Lucas Lancaster has inked a three-year deal to sublease 17,655 square feet of office space from Escada, a luxury women’s fashion designer based in Munich, Germany. Kahn Lucas is taking the entire 10th floor at 1412 Broadway, AB & Sons‘ 23-story office building at the corner of West 39th Street. The company is relocating from 112 West 34th Street. The asking rent wasn’t disclosed.
CBRE’s Ken Meyerson, Brad Needleman and Adele Huang represented Kahn Lucas, and Jim McCaffrey and Ethan Silverstein of Cushman & Wakefield represented Escada. Both brokerages declined to comment through spokespeople.
Escada also subleased space to Davler Media Group in 2014, Commercial Observer reported at the time. Escada didn’t immediately respond to a request for comment.
Isaac Chetrit (cousin of Joseph Chetrit) heads AB & Sons and owns 25 commercial buildings throughout the city, according to The Real Deal. 1412 Broadway, along with the 618-key Stewart Hotel (formerly the Affinia Manhattan Hotel) near Pennsylvania Station, are two of his most valuable properties.
Update: This post has been updated with the correct address and landlord.