The fashion company has extended its 26,000 s/f lease and inked a deal for an additional 26,000 s/f of space on the eighth floor of the property, where il houses its corporate headquarters and showrooms. The new transaction brings Tory Burch's total occupancy in the property to 52,000 s/f. "We have loved being a part of 11 West 19th Street, and we are thrilled about expanding to the eighth floor next year. The building has unique architectural details, and it is located near some of the best restaurants and stores in the city," said Tory Burch Shoes, CEO Tory Butch LLC.
The Savitt Partners team of Bob Savitt and Carol Sacks negotiated the multi-faceted, 11-year lease expansion and extension on behalf of the building ownership, 11 West 19th Associates, LLC. Cushman & Wakefield brokerage professionals Dan Preate and Jamie Katcher represented Tory Burch in the negotiations.
"We are proud to have one of the hottest and fastest growing fashion companies continue as a long-term tenant in the property," noted Savitt.
"Tory Burch's decision to both extend and expand its presence at 11 West 19th Street speaks to the continued demand for quality, well located Flatiron District properties, particularly among growing firms in creative industries and the ownership's commitment to providing the best in tenant services."
Built in 1902 and situated in the heart of the Chelsea-Flatiron District, the 280,000 s/f property offers full floors of 26,000 s/f and entrances on both 19th and 20th Streets.
The property has a newly renovated lobby with 20-foot ceilings, on-site property management, updated elevators, 24/7 building access, lobby attendant and is conveniently accessible to many restaurants, shops and modes of transportation.
In addition to Tory Burch, the building's prestigious tenant roster includes Nautica, Epsilon Interactive, LBi, VF Sportswear, Lillian August, Mergermarket and Zio, a new contemporary Italian restaurant located on the groundfloor retail space.
No comments:
Post a Comment