Leather Goods Maker Mundi Westport Moving Showroom to 11K SF at 366 Fifth Avenue
By Abigail Nehring April 30, 2024 1:26 pm
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Leather goods wholesaler Mundi Westport Group will move its showroom one block west in Midtown, Commercial Observer has learned.
Mundi Westport signed a 12-year lease to relocate from 183 Madison Avenue to 10,800 square feet on the sixth floor of Joseph P. Day Realty’s 366 Fifth Avenue, according to a source with knowledge of the deal.
Asking rent was $58 per square foot in the 12-story office building between West 34th and West 35th streets near the Empire State Building.
Mundi Westport, which sells its leather accessories to Timberland, Skechers, Nautica and other big names in fashion, is headquartered in Pine Brook, N.J., and uses its Madison Avenue space as a showroom, according to its website. It renewed its lease for 15,592 square feet at 183 Madison in 2013, as CO previously reported.
The leather manufacturer’s new space is about 30 percent smaller but comes with a Fifth Avenue address.
Newmark (NMRK)’s Brian Waterman, Lance Korman and David Waterman arranged the deal for Mundi Westport while Colliers (CIGI)’ Michael Joseph, Aidan Campbell and Jordy Elardo represented Joseph P. Day.
Both Newmark’s and Colliers’ brokers declined to comment.
The tenant roster at 366 Fifth Avenue has gained a few other new names recently, including souvenir maker NY Gifts, Korean cosmetics brand Nature Republic and Italian-style ice cream shop Julietta Gelato, as CO reported last year.
The 120-year-old real estate company that owns the 147,595-square foot building is named after the late real estate auctioneer Joseph Day, a star broker in his time who sold “about one-third of the Bronx, one-third of Queens and a generous slice of Brooklyn,” according to his obituary in the New York Times. Day died in 1944.
Abigail Nehring can be reached at anehring@commercialobserver.com.
