Parigi Group Takes 40,719 SF on 34th Street

NEW YORK CITY-Parigi Group, a children’s fashion apparel company, has signed a long-term expansion lease at 112 W. 34th St.–enabling the firm to lease the entire fifth floor of the building, where it will occupy 40,719 sf. Parigi, which has been a tenant of the property since 1982, will move into its new space in January.

A spokesperson for the company tells GlobeSt.com that the tenant currently occupies 30,513 sf, the majority of the seventh floor. The building is part of the W&H Properties portfolio and is owned by 112 West 34th St. Associates LLC, a partnership led by Peter L. Malkin. They added that the average asking rent per sf at the building is $53.

Benchmark Properties represented Parigi Group in the lease negotiations; Cushman & Wakefield Inc. represented the landlord. The firm’s brands include Phat Farm Boys and Baby Phat Girlz, and it has long-term partnerships with J.Lo Girls by Jennifer Lopez, Puma Kids and Akademiks for Boys.