Online apparel retailer OSP Group is moving to Brookfield Properties’ One New York Plaza.
OSP is relocating its headquarters from Midtown to Downtown by signing a 15-year lease at the 2.5 million-square-foot tower, the Wall Street Journal reported. The retailer, which sells plus-size apparel, is consolidating two of their Midtown locations. The two locations take up a total of about 150,000 square feet. At One New York Plaza, the company will occupy 156,000 square feet.
Newmark Grubb Knight Frank’s Brian Goldman and Eric Cagner represented OSP Group.
The Empire State Development and New York City Economic Development Corporation are giving OSP a $1.8 million grant for the creation of 150 new jobs. OSP is investing $20 million in the consolidation of the two offices.
Over the last few years, fashion, media and technology firms have increasingly moved Downtown, an area once dominated by Wall Street firms. Makeup brand Revlon recently moved into the building.[WSJ] — Claire Moses