Talbots inks 12-year lease at Morgan Stanley’s 2 Park Avenue

New York /
Jan.January 15, 2014 02:16 PM

Women’s clothier Talbots has inked a deal for nearly 50,000 square feet of space at Morgan Stanely’s 2 Park Avenue, between 32nd and 33rd streets.

The Hingham, Mass.-based company inked a 12-year deal for the 49,574-square-foot space and will pay rent in the low $50s per square foot. The price is a slight uptick from what previous tenant Penn Mutual paid — in the upper $40 per square foot.

Cushman & Wakefield’s Tara Stacom, Mitchell Arkin, David Green, Whitten Morris and Lauren Hayes represented the landlord in the deal, the New York Observer reported. Information on Talbots’ representatives was not available, the paper said.

Landlord Morgan Stanely purchased 2 Park Avenue for $519 million in 2007. The tower is now home to Pret a Manger, Chase Manhattan and HSBC. Swedish media company Bonnier Corp. inked a 27,000-square-foot sublease from book marketer Bookspan in September, and handbag maven Kate Spade picked up an additional 39,300 square feet of space there in July. [NYO]Julie Strickland


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
From left: Bert H. Dweck and Joe Sitt with 790 Madison Avenue (
Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house
Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house
(iStock, Illustration by Kevin Cifuentes for The Real Deal)
U.S. home price growth slows for first time in five months
U.S. home price growth slows for first time in five months
From left: U.S. Assemblymember Thomas Suozzi, Governor of New York Kathy Hochul, and New York City Public Advocate Jumaane Williams (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Hochul challengers bang pro-tenant drum before primary election
Hochul challengers bang pro-tenant drum before primary election
IBM's Arvind Krishna and One Madison Avenue (IBM, One Madison Avenue, Illustration by Kevin Cifuentes for The Real Deal)
IBM CEO: Only 60% of office workers will ever return full-time
IBM CEO: Only 60% of office workers will ever return full-time
Marcus & Millichap Associate David Ferber in front of part of the 30-building, 319-unit portfolio concentrated in Jersey City (Marcus and Millichap, iStock)
Hot rental market boosts NJ multifamily despite rate hikes
Hot rental market boosts NJ multifamily despite rate hikes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...