Summit Golf Brands, a designer, manufacturer and distributor of golf sportswear, has signed a 7,300-square-foot lease for its showroom and office space at 437 Fifth Avenue, Commercial Observer has learned.
The company will occupy the entire ninth floor of Joseph P. Day Realty Corp.’s 11-story building between East 38th and East 39th Streets. The asking rent in the 10-year deal was $57 per square foot.
“The cachet of Fifth Avenue, paired with the appeal of our modernized office space, continues to attract top international companies like Summit Golf Brands looking to expand and evolve its presence in the heart of New York City,” Joseph P. Day’s Richard Brickell, who handled the deal for the landlord in-house, said in prepared remarks.
Summit Golf Brands is relocating Sept. 1 from 8 West 40th Street between Fifth Avenue and Avenue of the Americas. Alex Leopold and David Falk of Newmark Knight Frank represented Summit Golf Brands. Leopold and Falk did not immediately respond to a request for comment via a spokesman.
“Our growth over the last couple of years caused us to need more space than our existing lease provided,” Chad Delp, Summit Golf Brands’ president and chief executive officer, said in a statement. “In addition to a larger space, we wanted to remain in the heart of Manhattan because of its proximity to the Garment District, fashion trends and the convenience it provides to customers visiting our showroom.”