David Peyser Sportswear Expands Offices at 4 Bryant Park
The outerwear and sportswear designer agreed to a 10-year deal to extend its lease on the entire 14,000-square-foot 12th floor while also expanding to the entire 14,000-square-foot 10th floor at the 12-story, 180,000-square-foot building at the southwest corner of West 41st Street and Avenue of the Americas, adjacent to Bryant Park.
Asking rent in the deal was $68 per square foot, according to The Real Deal, which first reported news of the deal. Representatives for Adams & Co. confirmed the transaction and the terms to Commercial Observer. Adams’ David Levy brokered the deal in-house for the landlord, while Cushman & Wakefield’s Charles Borrok and Stephen Burke represented the tenant. A spokeswoman for C&W did not immediately provide comment.
David Peyser Sportswear, which markets both the Weatherproof Garment Co. outerwear and MV Sport sportswear brands, has offices spread across several locations in the Garment District, according to TRD. The company will be consolidating its offices at the Adams & Co.-owned 463 Seventh Avenue into its expanded digs at 4 Bryant Park, the publication reported.
Other tenants at 4 Bryant Park, also known as 1071 Avenue of the Americas, include Sharp Entertainment, Bardwill Industries and Unzipped Apparel Sales. Adams is also deploying property management technology platform Equiem at the building, having previously utilized the firm’s tenant services portal at properties including 110 West 40th Street.