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Iconic Retailer Expands Midtown Offices

NEW YORK CITY—The company is shifting some of its operations into a building adjacent to its upscale department store, opening up retail space in this spotlight on recent deals.

By Rayna Katz | Updated on December 14, 2015

NEW YORK CITY—Bergdorf Goodman is expanding its Midtown offices in a move that also will open up retail space in its in its adjacent store. The retailer has agreed to take 40,000 square feet of  office space at 4 West 58th St. The move creates an additional 25,000 square feet of retail space in the Women’s Store portion of Bergorf’s department store. CBRE‘s Joseph Fabrizi, EVP; Michael Wellen, SVP, consulting, and Arkady Smolyansky, VP, along with Steve Quintin, president of Westfair Realty, represented Bergdorf in the 15-year lease with existing options for floors 3 through 8 at the building. JLL‘s Scott Panzer represented 4 W. 58th St. in the transaction. In concert with the agreement, Fabrizi and his CBRE Long Island City team represented Bergdorf in the relocation of its LIC Alternatives Design Display facility to 53,000-square-feet at 39-34 43rd St. in Queens.

JLL and Edward J. Minskoff Equities have completed a 10-year lease renewal with Sprint Communications Co. at 1166 Ave. of the Americas for 39,075 square feet. Minskoff, the owner of the Class A, 1.6 million-square-foot office building, was represented by the JLL team of Paul Glickman, vice chairman; Cynthia Wasserberger, managing director; Jonathan Fanuzzi, EVP and Diana Biasotti, SVP. The group worked closely with Jeffrey Sussman, EVP, at Minskoff. Sprint was represented by Robert Hill, SVP, and Timothy Hay, senior associate at CBRE.

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