David Levy of Adams & Co. represented both the tenant and the landlord in the transaction. Although details of the lease were undisclosed, the asking price for the space was $39 per sf.
Built in 1925, the 22-story property boasts 24-hour security and FedEx and USPS drop-off points. Recent renovations include new elevators and new windows. Notable tenants include Nordstrom, American Utex and Redcats USA. The retail tenant roster includes Andrew's Coffee Shop, Federal Express and Kara New York.
"We are thrilled Gallery is renewing their lease in this prominent Fashion District property," Levy says. "With many outerwear companies in the building, this has become a fashion outerwear center and is the perfect spot for Gallery, a leader in the industry."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
