Swimwear Manufacturer Expands Garment District HQ by 24K SF
By Rey Mashayekhi November 7, 2018 12:46 pm
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Swimwear manufacturer In Mocean Group is growing its headquarters at 463 Seventh Avenue to more than 53,000 square feet after inking a lease for an additional 23,785 square feet at the Garment District office building, Commercial Observer has learned.
In Mocean signed a 10-year deal last month for the entire ninth floor at the 22-story, 478,000-square-foot property at the northeast corner of West 35th Street. The new lease adds to the company’s existing 29,659-square-foot presence across the 15th, 20th, 21st and 22nd floors at 463 Seventh Avenue, to take its total footprint at the building to 53,444 square feet.
In Mocean is expected to move into the new ninth-floor space, which it will use for offices and showrooms, next May. Asking rent in the deal was $52 per square foot, according to representatives for landlord Adams & Co. Adams Principal David Levy represented the firm in-house in negotiations while the tenant had no outside broker representation.
“463 Seventh Avenue is an ideal location for large companies like In Mocean Group to house all departments in one location,” Levy said in a statement, citing the property’s “close proximity to major mass transportation hubs” including Pennsylvania Station and Port Authority Bus Terminal.
Other tenants at the building include clothing manufacturer Adjmi Apparel Group, fashion industry consultancy The Doneger Group and NewYork-Presbyterian Hospital.
