The Real Deal New York

Cosmetics giant Coty subleases 47,000 sf at 2 Park

Israeli textile maker moving from 6 East 32nd Street to new digs

February 13, 2014 10:13AM

2-park

2 Park Avenue and Ralph Giordano

An Israeli textile company is the latest tenant to join Morgan Stanley Real Estate Fund’s office tower at 2 Park Avenue, between 32nd and 33rd streets.

Delta Galil grabbed a 47,000-square-foot sublease from French cosmetics maker Coty for the next eight years. Both the sublessee and sublessor pay in the $40s per square foot for the space. Delta Galil currently subleases at 6 East 32nd Street and plans to move to the nearby Park Avenue spot in the spring. Cassidy Turley brokers Ralph Giordano, Peter Brestovan and Richard Bernstein represented Coty in the deal, the New York Observer reported.

Earlier this month, 2 Park Avenue became fully leased, following a new lease with women’s clothier Talbots and a lease extension with medical malpractice firm Medical Liability Mutual Insurance Company, as previously reported. [NYO]Mark Maurer

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