Fashion Institute of Technology grabbed 55,000 square feet at Samco Properties’ 333 Seventh Avenue in Chelsea, according to brokerage Cassidy Turley.
Asking rent for the space was in the $40s per square foot. The 18-year lease will allow the school to expand its campus. Cassidy Turley brokers Jennifer Ogden, Tracy Johnson and Susan Kahaner represented FIT, while Samco’s Josh Smith represented the landlord in-house, a release said.
Tenants of the building include the New York City Department of Education, Doctors without Borders, Duane Reade and Potbelly Sandwich Shop. Last summer, fashion-centric artist management company Jed Root signed a 10-year lease for 11,000 square feet at the 21-story building, located between 28th and 29th streets, as previously reported. — Mark Maurer