Shiseido moving US HQ to L&L’s 390 Madison

Japanese cosmetics firm takes 226K sf in 15-year deal

New York /
Dec.December 12, 2017 01:40 PM

Renderings of 390 Madison Avenue and Shiseido products (Credit: L&L Holding and Shiseido)

Shiseido inked a 225,800-square-foot lease at L&L Holding’s 390 Madison Avenue.

The Japanese cosmetics firm is paying a whopping $100 per square foot under the 15-year deal, Bloomberg reported. Shiseido will be moving out of its current headquarters at 900 Third Avenue.

L&L is currently redeveloping the 900,000-square-foot tower at the corner of East 47th Street, increasing its floor count from 24 to 32. The company plans to finish the renovation next year.

Last year, law firm Hogan Lovells signed a 206,750-square-foot lease at the tower.[Bloomberg]Konrad Putzier


Related Articles

arrow_forward_ios
Southold Town Supervisor Scott Russell and 12500 Main Road in Mattituck (Google Maps, Getty, Town of Southold)
North Fork town smells victory in eminent domain fight
North Fork town smells victory in eminent domain fight
Carlyle's David Rubenstein (Carlyle)
Real estate venture backed by Carlyle’s David Rubenstein raises $240M
Real estate venture backed by Carlyle’s David Rubenstein raises $240M
A photo illustration of 111 East 59th Street (Google Maps, Getty)
Loancore seeks forced sale of Plaza District building
Loancore seeks forced sale of Plaza District building
(Getty)
Manhattan office leasing jumps as availability and rents drop
Manhattan office leasing jumps as availability and rents drop
New York attorney general Letitia James and 109-20 Queens Boulevard in Forest Hills (Getty, Google Maps)
Pinnacle’s Joel Wiener penalized for hiding condo conversion costs
Pinnacle’s Joel Wiener penalized for hiding condo conversion costs
(Photo Illustration by The Real Deal with Getty Images)
US retail real estate rises from the ashes
US retail real estate rises from the ashes
Rubenstein Partners' David Rubenstein and 25 Kent Avenue in Williamsburg (Getty Images, Twenty Five Kent, Rubenstein Partners)
Rubenstein rolls co-working company into 25 Kent
Rubenstein rolls co-working company into 25 Kent
Friedkin Property's David Friedkin 2 Canfield Avenue (LinkedIn, Google Maps, Getty)
GID sells multifamily complex for $113M
GID sells multifamily complex for $113M
arrow_forward_ios

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

Loading...