Olmstead Properties inked a deal for dressmaker Betsy & Adam to take 21,000 square feet on the 21st floor of its building in the Garment District.
The asking rent for the space at 525 Seventh Avenue is $60 per square foot, Commercial Observer reported. The designer, which supplies stores like Macy’s, Lord & Taylor and Bloomingdale’s, is taking the entire 21st floor of the 22-story building, according to the publication. Its currently located at 1400 Broadway.
Built in 1925, the building at the corner of West 38th Street spans more than 463,800 square feet, according to CoStar.
A team lead by Marc Schoen of Savitt Partners represented the tenant. Olmstead was represented in-house.