Online retailer moves to larger digs at 1407 Broadway

GoGoTech, the online retailer that owns FactoryOutletStore.com, is moving across the street from its current digs to 1407 Broadway. The company will move from its 1410 Broadway address to occupy a 13,701-square-foot space on the seventh floor of the Lightstone Group-owned building between West 38th and 39th streets.

Joseph Friedman, a senior managing director at Murray Hill Properties, was the sole broker representing GoGoTech. The company made the move because its “previous location could not accommodate its rapid growth,” he said.

GoGoTech “has grown on average 15-20 percent ever year for the past five years,” he told the New York Observer.

Kaufman Organization brokers Michael Heaner, Jessica Kosaric and Grant Greenspan represented the landlord in the transaction.

The deal is coupled with the signing of Galaxy Brand Holdings, a newly formed brand acquisition and development firm, which took a 10,900-square-foot space on the 38th floor of 1407 Broadway. [NYO] – James Comtois