NEW YORK CITY-Excelled Sheepskin & Leather Coat Corp., whichmanufactures and markets licensed collections for Chaps, ColumbiaSportswear and other brands, has leased the entire 31st floor of1400 Broadway from W&H Properties. The firm will move into itsnew Times Square South space, which comprises 14,785 sf, inJanuary. Its current Manhattan offices are located at 525 SeventhAve. and 485 Seventh Ave.
A source close to the deal tells GlobeSt.com that they cannotdisclose financials of the deal. The source does say, however, thatthe lease term is 10 years and four months and there is stillavailability in the building, although they could not specify theamount. Asking rents in the building are between $50 and $60GlobeSt.com has learned.
“1400 Broadway has long been a destination for major players inthe fashion industry, but now that an $81-million capitalimprovement program has commenced, the property is more appealingto them than ever,” notes Brian Waterman, EVP of Newmark KnightFrank, the property's managing and leasing agent. “The Excelledlease reflects this heightened interest.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
