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

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

TRD 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

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

These were NYC’s top office leases in August

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation