News: Shopping Centers

Eckstein and Schoens of Savitt arrange 2,080 s/f; Tarter Stats assists

250 West 39th Street continued to experience robust leasing with fashion tenants signing long term leases. Most recently, Los Angeles-based Sweet People Apparel, known for its popular Miss Me brand, inked a 2,080 s/f lease for its area showrooms on the fourth floor of the 181,000 s/f, 17-story tower. The Savitt Partners team of Ed Eckstein, Marc Schoen and Michael Schoen negotiated the lease on behalf of Sweet People Apparel. Catherine O'Toole and Jonathan Mines of Tarter Stats O'Toole have the exclusive agency and acted on behalf of the ownership, TR 39th Street Land Corp. Earlier this year, the Savitt team also represented NJR Associates in its 2,300 s/f lease at the property. Over the past year Mr. Eckstein and his colleagues negotiated five showroom transactions at 250 West 39th Street, a property that was built in 1926 and is conveniently located just steps from Times Square and numerous major transportation options. Established as the all-American fashion brand in 2001, Miss Me® celebrates innovation and quality with young contemporary price points. The line has been featured in Glamour, Lucky, Elle, Marie Claire, Cosmopolitan and Teen Vogue among others and has been worn by Miley Cyrus, Mischa Barton, Lindsay Lohan and Beyonce Knowles among others. Miss Me® can be found worldwide at select retailers all throughout Europe, Latin America, Japan and the US. In addition, the Miss Me® brand has developed two successful lines along with a children's line, Miss Me® Girls. About Savitt Partners Savitt Partners is a full-service commercial real estate company headquartered in New York City. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling nearly two million square feet of office and showroom buildings in Manhattan, including 530 Seventh Avenue, 525 Seventh Avenue, 218 West 40th Street, 499 Seventh Avenue and 11 West 19th Street. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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