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."
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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.
