Castlewood creates men's and boys' activewear, with its products sold in more than 5,000 stores representing 200 different retailers. David Levy and Jeffery Schwartz of Adams & Co. represented the landlord while Marc Schoen of Savitt Partners, LLC spoke for Castlewood in the transaction. Asking rent for the space was $34 per square foot, according to a release.
A full-service men's apparel company that specializes in young men's fashion, Wear First Sportswear is headquartered in Shanghai. Levy and Schwartz of Adams & Co. represented both the landlord and the tenant in the transaction, with an asking rent of $36 per square foot. In a release, Levy comments, "We are definitely starting to see more confidence in the marketplace with larger and longer deals."
Built in 1927, the 18-story 42 W. 39th counts Perry Ellis International, Bluefly.com, Bernette Knitwear and Fantasia among its office/showroom tenants. Retail tenants include AEC Reprographics, American Barber Institute, Cordette Drugs and the Tall Girl Shop.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
