Printer Friendly

Adams & Co. brokers 9,000 s/f deal.

Adams & Co. recently brokered a 10-and-a-halfyear, 8,867 s/f lease in the Outerwear Center, at 463 Seventh Ave., for Pico Manufacturing Sales Corp., a leading manufacturer of mens and boys underwear and sleep apparel.

Although terms of the lease were undisclosed, asking rents for the space are $32 per square foot.

Pico Manufacturing Sales Corp. will be moving from the Empire State Building to its new space in the 22-story, 408,511 s/f building in the Fashion District.

Adams & Co. recently brokered similar large-scale leases in the popular Outerwear Center for leather specialist Winlit Group Ltd., Herman Kay Company and Henry Doneger Associates, the largest independent fashion buyer and merchandising consulting firm in the industry. The Outerwear Center--which recently underwent major capital improvements--houses leading outerwear tenants.

They include Forcaster of Boston Utex Corp., Perry Ellis outerwear, Alorna Coat, Herman Kay/Bromley, Gallery and many others. David Levy, of Adams & Co., represented the landlord in the transaction. Chris Mongeluzo, of Newmark & Co. Real Estate,

LLC, represented the tenant.

"The Outerwear Center carries in-demand space, with a 99 percent occupancy rate," Levy said. "This lease also serves as further evidence of the appeal of specialty buildings in the Fashion District, which carry 95 percent occupancy rates."

There are no plans to rename the building the Underwear Center, a spokesman said.
COPYRIGHT 2004 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 15, 2004
Words:220
Previous Article:Staubach's development deal with Whole Foods.
Next Article:Schultz Organization/TCN Worldwide.
Topics:


Related Articles
Firms make a 50,000 s/f fashion statement.
Adam's & Co's learning experience on W37th St.
Learning experience for Adams & Co.
Fashion Center becomes home to 'the new wonder pants'.
Clothing co's XXL deal.
Celebrity hat designer makes a Fashion move.
Adams brings Sleepy's to 23rd Street stretch.
Magazine's downtown move.
Adams finds great deal in Disguise.
Firm comfortable on West 24th St.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters