Perry Ellis Expands, Renews Midtown Lease

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.