The Real Deal New York

Excell subleases 30K sf at 1333 Broadway

Home goods firm signed a seven-year lease for the building's eighth floor

December 08, 2015 11:00AM

William Fung 1333 Broadway

Li & Fung’s William Fung and 1333 Broadway in Midtown

Bath accessory supplier Excell will take 30,000 square feet at Empire State Realty Trust’s 1333 Broadway near Herald Square, just over a month after a media firm with an eerily similar name, Xcel Brands, took a similar amount of space there.

The company signed a seven-year sublease for the building’s eight floor with subleaser Global Brands Group. It will move from its current space at 295 Fifth Avenue around June 1, 2016.Jared Freede and Michael Monahan of CBRE represented Excell in the deal. Mitch Konsker, Ben Bass, Daniel Turkewitz and Alex Chudnoff of JLL represented Global Brands. Terms of the lease were not disclosed.

Global Brands, a subsidiary of Hong Kong-based Li & Fung, leases six floors at the building, totaling about 177,000 square feet, according to CoStar. In August, the firm subleased 44,000 square feet there to the clothing manufacturer Levy Apparel Group. In October, it subleased 30,000 square feet, part of the 10th floor, to Xcel. – Ariel Stulberg