David Levy of Adams & Co. represented both the tenant and the landlord in the transaction. Although details of the lease were undisclosed, the asking price for the space was $39 per sf.
Built in 1925, the 22-story property boasts 24-hour security and FedEx and USPS drop-off points. Recent renovations include new elevators and new windows. Notable tenants include Nordstrom, American Utex and Redcats USA. The retail tenant roster includes Andrew's Coffee Shop, Federal Express and Kara New York.
"We are thrilled Gallery is renewing their lease in this prominent Fashion District property," Levy says. "With many outerwear companies in the building, this has become a fashion outerwear center and is the perfect spot for Gallery, a leader in the industry."
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