Women’s fashion brand inks sublease at Olmstead’s 525 Seventh

Notations will take an entire floor at the Garment District building

TRD New York /
Mar.March 15, 2016 04:10 PM

UPDATED, Mar. 16, 2:0o p.m.: Notations, a women’s fashion brand, subleased 25,000 square feet of office space at Olmstead Properties’ 525 Seventh Avenue in the Garment District.

The company is moving from 1407 Broadway and taking a full floor at the 22-story building. Built in 1925, the building at the corner of West 38th Street spans more than 463,800 square feet, according to CoStar.

The asking rent is an average of $59 per square foot, the New York Post reported. Notations is subleasing from fellow women’s clothier Jones New York, which was represented in the deal by a JLL team, the Post reported.

Last year, womenswear designer Nicole Miller re-signed its lease for 28,000 square feet at 525 Seventh Avenue. [NYP, 3rd]Dusica Sue Malesevic

Correction: An earlier post stated Savitt Partners owned 525 Seventh Avenue. Olmstead Properties owns and manages the property. 


Related Articles

arrow_forward_ios
Christopher Schlank, Nick Beinstock and 1375 Broadway (Credit: Google Maps)

Big Midtown deal looms over Savanna’s latest fundraising effort

Big Midtown deal looms over Savanna’s latest fundraising effort
Savanna’s Chris Schlank and Nick Bienstock with 1375 Broadway (Credit: Google Maps)

Savanna buying Garment District office building for $435M

Savanna buying Garment District office building for $435M
1412 Broadway (Credit: Google Maps)

Isaac Chetrit lands $210M refi for Garment District office building

Isaac Chetrit lands $210M refi for Garment District office building
216-222 West 30th Street (Credit: Google Maps)

Garment District assemblage hits the market for $60M

Garment District assemblage hits the market for $60M
142 West 36th Street and 234 West 39th Street (Credit: Google Maps)

Qatari firm to buy Garment District buildings for $140M

Qatari firm to buy Garment District buildings for $140M
Waterman Interests, USAA look to sell Garment District buildings for $140M

Waterman Interests, USAA look to sell Garment District buildings for $140M

Waterman Interests, USAA look to sell Garment District buildings for $140M
Garment District rezoning passes City Council with unanimous vote

Garment District rezoning passes City Council with unanimous vote

Garment District rezoning passes City Council with unanimous vote
AdMarketplace relocates offices to the Garment District

AdMarketplace relocates offices to the Garment District

AdMarketplace relocates offices to the Garment District
arrow_forward_ios

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

Loading...