Fashion brand Theory signed a 16-year lease for 79,000 square feet at the William Kaufman Organization’s 2 Gansevoort Street. The company will occupy part of the ground floor and the second through fourth floors at the landmarked Meatpacking District building.
Asking rents at the building, which was previously known as 320 West 13th Street, range from $90 to $115 per square foot. The building is currently 100 percent leased and Theory is expected to begin its tenancy in the first quarter of 2015.
Brian Waterman and Lance Korman of Newmark Grubb Knight Frank represented Theory. Michael Lenchner of Sage Realty Corporation, the leasing and management division of the William Kaufman Organization, represented the landlord in house. — Tom DiChristopher