Home furnishings leader relocates HQ to Woolworth Building.Levitz Furniture, a leading specialty retailer of furniture, bedding and home furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. , announced today that it will relocate its corporate headquarters to the historic Woolworth Building Woolworth Building in New York City; erected by Frank Woolworth in 1913; tallest building until Empire State Building (1930-1931). [Architecture: NCE, 3004] See : Tallness in downtown Manhattan. The announcement comes as the home furnishings leader continues its significant progress towards rebuilding the Levitz brand. Levitz Furniture expects the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. will be complete by mid-December. The Company will move its current corporate office in Woodbury, N.Y. into the entire 23rd floor of the Woolworth Building, located at 233 Broadway between Barclay Street and Park Place in downtown Manhattan. Levitz Furniture will take approximately 30,000 s/fin the building in a sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. from Reuters. The company will continue to maintain a small corporate presence in Woodbury, mostly within its Information Technology area. "We are continuing our efforts to strengthen the Levitz brand, and this move to lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North represents one more important step," said Tom Baumlin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Levitz Furniture. "Over the past several months, we have attracted a world class management team and believe this move will further our efforts to continue to bring a superior level of creative talent to our organization. We are excited to tap into the energy of Manhattan and participate in the downtown area's rebuilding efforts as we reestablish Levitz Furniture as a premier source for furniture, bedding and home furnishings." Cushman & Wakefield executive director Andrew Peretz represented Levitz Furniture in its site selection and in lease negotiations with Reuters. "Tenants from all areas continue to realize the draw of downtown Manhattan," said Peretz. "With new retail, residential and office components coming online, downtown is one of the most progressive business districts in the nation, and forward-thinking companies like Levitz Furniture want to operate here." |
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