Design firm sets sights on Lexington.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 Peg/Park, a high-end retail architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. firm with clients including ESCADA, Coach and Polo Ralph Lauren Polo Ralph Lauren (NYSE: RL) is American fashion designer Ralph Lauren's luxury lifestyle company. Polo Ralph Lauren specializes in high-end casual/semi-formal wear for men and women, as well as accessories, fragrance, and housewares. , has signed a lease totaling 14,836 s/f on the seventh floor at 360 Lexington Avenue. This transaction represents nearly 100 percent growth for the firm, which previously occupied the entire 17th floor. It is the company's second expansion in five years. CBRE's Steve Eynon represented Peg/Park on the transaction. "After an extensive search of both the Midtown . and Midtown South markets, we were able to leverage the most cost-effective transaction for Peg/ Park at their current premises," said Mr. Eynon, a CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) Vice President. "The building features flexible floor plates, which help Peg/Park meet its operational needs. Its proximity to Grand Central is also a big plus." Peg/Park is a division of kennethpark, a well-known architecture firm whose client list is a who's who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame of high-end retailers. The firm's recent, notable work includes design of the interior of the new flagship Adidas store at 610 Broadway, the largest sports performance store in the world. Built in 1958, 360 Lexington Avenue is a 26-story office tower located in the heart of Midtown Manhattan at 40th Street. The building's owner. Meringoff Properties, was represented by in-house counsel in the lease negotiations. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion