Apparel Distributor Subleases 34K SF From Diddy in Midtown
An apparel manufacturer and distributor has subleased office space from Sean ‘Diddy’ Combs at 1440 Broadway in Times Square, Commercial Observer has learned.
Land N Sea Distributing has inked a 33,893-square-foot sublease with Sean Combs Enterprises on the third floor of the 27-story building owned by CIM Group between West 40th and West 41st Streets, according to the brokers on the transaction. The four-year deal will run through October 2022. The asking rent wasn’t provided.
Diddy’s company controls several of his business enterprises, including music production company Bad Boy Entertainment, a marketing agency called Blue Flame, menswear brand Sean John, CÎROC vodka and Combs Wine & Spirits.
Savills Studley’s Daniel Thompson and Eury Vargas represented Combs Enterprises and declined to comment on the deal through a spokeswoman. Millennium Realty’s Marc Kritzer represented Land N Sea, which is relocating from 1375 Broadway, between West 37th and West 38th Streets.
“The space was larger than what they were looking for, but once I saw this space I knew they would love it,” Kritzker told CO in an email. “It was very high tech with all the extras. It had amazing executive office of P. Diddy and a crazy kitchen. [There] was one showing and they were sold. It pays to know the area, which I focused on for 30 years.”
CIM Group purchased the 748,000-square-foot property from New York REIT for $520 million in December of last year, according to public records.