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Madison Realty and Artemis Renew French Connection’s Industrial Lease

The fashion retailer is leasing 88,000 square feet of warehouse property in Jamaica, Queens.

Josh Zengen Josh Zegen, co-founder and managing principal of Madison Realty Capital

NEW YORK CITY—Highlighting the continued need of warehouse space for the retail sector, the UK-based, international clothing company French Connection has renewed its 88,000 square-foot lease at 184-10 and 184-60 Jamaica Ave. in Jamaica Queens. Madison Realty Capital and Artemis Real Estate Partners bought the 613,000 square foot industrial property last year for $78 million.

A source close to the transaction tells GlobeSt.com that the extension of the lease is for three years, with asking rents at $17 to $22 per square foot.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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