X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Perry Ellis International Inc., a fashion menswear company, will now occupy a total of 48,858 sf at 42 W. 39th St. The 10-year, 10,092-sf renewal was brokered by locally based Adams & Co. Real Estate LLC.

Jeffrey Schwartz and David Levy of Adams & Co. represented both the tenant and the landlord, 42 W. 39th St. LLC. Although details were not disclosed, the asking price for the space was $34 per sf, according to a release by the broker. “The actual rent is $31 per sf,” Levy, principal of Adams & Co., tells GlobeSt.com.

Built in 1927, the 18-story property is located near Bryant Park and has concierge services as well as 24-hour access. Notable clients in the 138,788-sf building include Shamash & Sons, Castlewood Apparel and Bluefly.com. Retail tenants are Cordette Drugs, Mai, AEL Repnographics and the Tall Girl Ship.

“42 W. 29th St. is a fantastic menswear building and the perfect location for the company’s New York headquarters,” notes Jeffrey Schwartz, senior managing director of Adams & Co.

The main reason for the expansion and renewal, Levy explains, was simply that “Perry Ellis just needed more space for their existing business.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.