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

Notations will take an entire floor at the Garment District building

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
Empire State Realty Trust's Tony Malkin with 1400 Broadway
Burlington grows bigger at ESRT’s 1400 Broadway
Burlington grows bigger at ESRT’s 1400 Broadway
Empire State Realty Trust’s Tony Malkin and Shanae Ursini with 501 Seventh Avenue
Trading trains: Security firm jumps from Grand Central to Penn
Trading trains: Security firm jumps from Grand Central to Penn
Isaac Chetrit with 989-993 Sixth Avenue
Isaac Chetrit nears $350M loan for Midtown project
Isaac Chetrit nears $350M loan for Midtown project
Signature Bank president Joseph DePaolo in front of 1400 Broadway (Signature Bank, Google Maps, iStock)
Signature Bank picks up more space at ESRT’s 1400 Broadway
Signature Bank picks up more space at ESRT’s 1400 Broadway
New York Embroidery Studio's Michelle Feinberg and the Brooklyn Army Terminal (New York Embroidery Studio, Getty, iStock)
Garment biz leases 80K sf at Brooklyn Army Terminal
Garment biz leases 80K sf at Brooklyn Army Terminal
Progyny CEO Pete Anevski and ESRT EVP of Real Estate Thomas Durels (LinkedIn, Empire State Realty Trust)
Empire State Realty Trust lands 70K sf tenant at 1359 Broadway
Empire State Realty Trust lands 70K sf tenant at 1359 Broadway
Joseph DePaolo, chief executive officer, Signature Bank in front of 1400 Broadway in Manhattan (Signature Bank, LoopNet, iStock/Illustration by Steven Dilakian for The Real Deal)
Signature Bank doubles down on ESRT’s 1400 Broadway
Signature Bank doubles down on ESRT’s 1400 Broadway
29 West 34th Street and Jeff Sutton of Wharton Properties (Google Maps)
Jeff Sutton will get $9M back from Geox
Jeff Sutton will get $9M back from Geox
arrow_forward_ios

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

Loading...