CBRE is keeping up with Jones on 7th Ave.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. announced that it has arranged a 56,000 s/f renewal and expansion at 525 Seventh Avenue on behalf of Jones Apparel Group Jones Apparel Group, Inc., a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The company also markets directly to consumers through our chain of specialty retail and value-based stores, and operates the Barneys New , Inc. The transaction included the renewal of the company's 32,521 s/f of existing space, and a 23,821 s/f expansion. CB Richard Ellis' Rob Martin, an executive vice president in the firm's Midtown office; Lewis Miller; vice chairman; Ken Meyerson, senior vice president; and Amanda Bokman, first vice president; represented Jones Apparel in the transaction. "The space Jones sought for expansion at 525 Seventh Avenue was on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of being leased to another entity, requiring the team to act nimbly," Martin said. "We negotiated several transactions within a very brief timeframe, including early terminations for the company's space at 1065 Sixth Avenue, the expansion at 525 Seventh, and a renewal of its existing offices." The 411,074 s/f 525 Seventh Avenue is home to office tenants such as Nicole Miller Nicole Miller (born 1952, Lenox, Massachusetts) is an American fashion designer. Miller graduated from the Rhode Island School of Design, studying at the Chambre Syndicale de la Haute Couture during her year. , A.B.S. Clothing, Alex Garfield/Garfield & Marks and Rhoda Lee. Retail tenants include Duane Reade Duane Reade is a chain of drugstores/convenience stores, primarily located in New York City. History Founded in 1960, the chain started with three stores, named after the location of the company's warehouse between Duane and Reade Streets on Broadway in lower Manhattan. and Starbucks. |
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