Calvin Klein makes statement in the Fashion District.

Cushman & Wakefield announced that Calvin Klein has signed an early renewal for nearly 143,000 SF of office space at 205 W 39th Street, a 17-story office building in Times Square South, where the clothing designer has been headquartered since 1978.

Cushman & Wakefield's Matthew Astrachan, Steven Bauer and Mitchell Konsker represented Calvin Klein in the lease. The ownership, 205 West 39th Street Corp., was represented by CB Richard Ellis.

According to Mr. Astrachan, the lease renewal comprises all of the company's space in the building, including office and showroom on the ground floor and lower level, as well as floors two-through-four and eight-through-twelve.

"Calvin Klein built its dominant brand from these offices," said Mr. Astrachan. "What we needed to provide was future flexibility with minimal disruption and expense to the business. This was all achieved in this transaction."

Mr. Konsker said the most significant aspect of the renewal was that Calvin Klein was making a major, long-term commitment to the Fashion District.

"This is one of the largest commitments by a designer to the area, and a vital commitment that will continue to contribute to the vibrancy of the Fashion District as it has come to be known," he said.

Calvin Klein, now wholly owned by Phillips-Van Heusen Corp., signed a 15-year renewal term. Phillips-Van Heusen was represented in-house by Mike Shaffer, senior vice president of Retail Operations, and Evan H. Wasserman, real estate counsel.

Built in 1922, 205 West 39th Street is a 257,000 SF office tower located between Seventh and Eighth Avenues in Times Square Souths.