Printer Friendly

Lease buyout completed for Crystal Brands, Inc.

Galbreath Riverbank has completed a lease termination of close to 30,000 square feet of the 4th floor at 1372 Broadway on behalf of Crystal Brands, Inc. Galbreath Riverbank's Executive Director Mitchell Konsker, Vice Chairman Bruce Mosler and Associate Mathew Astrachan represented Crystal Brands in this deal. Galbreath Riverbank also represents Crystal Brands in a national consultancy assignment. The transaction was negotiated with 19 New York Properties LimitedPartnership, the entity which owns 1372 Broadway, and was handled by Dolores O'Connor of First Winthrop Corp.

Crystal Brands' Izod Division was occupying the office space. As part of Galbreath Riverbank's overall pl an, Izod has moved its New York offices to another pre-existing office in Manhattan. The lease termination at 1372 Broadway became possible due to the growth of a present tenant in the building, Capital Mercury Shirt Company, which expanded into Crystal Brands' space on the 4th floor. Steve Apple and Howard Wendy of Edward S. Gordon Company represented Capital Mercury Shirt in the expansion.

Crystal Brands produces high quality sportswear for men, women and boys which are marketed and sold through better department and specialty stores under such names as Evan-Picone, Gant, Izod, Salty Dog and costume jewelry under the brand names Monet, Trifari and Marvella.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:lease termination at 1372 Broadway, New York, New York
Publication:Real Estate Weekly
Date:Apr 28, 1993
Previous Article:Law firm doubles space.
Next Article:76 Madison on the market.

Related Articles
3 lease signings announced at Crystal Run Corporate Park.
Changes point to bright future for Fashion District.
Victoria's Secret to be revealed at Broadway and 67th St. corner.
Bill Berkis, senior managing director of Murray Hill Properties/TCN Worldwide.
RKF named agent for 42nd St. space.
MHP Commercial Brokerage Services.
Having a Blass on B'way.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters