"1333 Broadway is a much improved property, thanks to the more than $71 million in building upgrades, which has become a W&H signature throughout the office portfolio," says W&H SVP Fred Posniak in a release. "Gerber now enjoys a completely transformed building, from the lobby to the corridors and restrooms."
Gerber Childrenswear, which was acquired by Sun Capital Partners last November, was represented by Nicola Heryet and Stephen Bellwood of Colliers ABR. Speaking for W&H were Brian Waterman, Jonathan Fanuzzi and Brandl Frey of Newmark Knight Frank, the building's managing and leasing agent.
Asking rents at the 350,000-square property are reportedly in the mid $40s per square foot. It's located across from the flagship Macy's location in Herald Square.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
