Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Adams & Co. Real Estate brokered an 11-year, 30,906-sf renewal at 463 Seventh Ave. for Junior Gallery Ltd., a fashion outerwear company. The space will be used for general and executive offices as well as showroom purposes.

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.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.