Fashion label Donna Karan New York’s headquarters space hit the block with a $65 million asking price, Crain’s reported. Located at 240 West 40th Street between Seventh and Eighth avenues, the 150,000-square-foot property is being marketed by Richard Baxter, Scott Latham and Glenn Tolchin of Jones Lang LaSalle.
There is a hitch, however: DKNY’s lease expires in 2016, and there’s no word on whether the company would stay or not. A DKNY spokesperson did not respond to Crain’s request for comment. An unnamed source told Crain’s that DKNY might be reluctant to move after investing in its office and showroom spaces. [more]