Levy of Adams & Co. brokers a 7,117 s/f lease at 10 West 33rd St.
Adams & Co. Real Estate brokered an eight-year, 7,117 s/f expansion at 10 W. 33rd St. for premier accessories company Rosetti Handbags & Accessories Ltd. The new space will serve as additional showroom space for the growing company.
New York-based Rosetti Handbags, which was recently purchased by Li and Fung Ltd., creates high-design handbags, luggage, shoes, hosiery and watches for cost-conscious consumers. Products are available at Sears and similar department stores.
David Levy of Adams & Co. represented both the tenant and landlord in the transaction. Though details of the lease were undisclosed, asking rents were $44 per s/f.
The 13-story property, also known as the Fashion Accessories Center, boasts 24/7 access and newly-renovated elevators and windows. Notable tenants include Steve Madden Accessories, Barganza and Global Design Concepts. Retail tenants include Columbia-Omnicorp and Jim Hanley's Universe
"The Fashion Accessories Center, with its eclectic mix of accessories tenants, is a major destination for fashion buyers," said Levy. "Rosetti has been a key anchor for the property and we are thrilled to be able to accommodate their growth."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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