Levy of Adams represents landlord in 23,785 s/f lease at 463 Seventh Avenue; Friedman of Adams represents tenant in seven-year lease
Adams & Co. Real Estate, LLC brokered a seven-year, 23,785 s/f lease at 463 Seventh Ave. for Consolidated Childrens Apparel, Inc. a children's apparel and accessory maker. The design house and manufacturer will be using the new spaces for general and executive offices as well as showroom space.
David Levy, principal of Adams & Co. represented the landlord, The Arsenal Co., LLC, while Joseph Friedman of Adams & Co. represented the tenant.
"463 Seventh Ave. offers low rents for great space in a an extremely well maintained building that houses a diverse portfolio of high-profile fashion tenants, and we are seeing more like-minded companies seeking office and showroom space here," said Levy.
The 22-story building, located near Penn Station, has 24/7 access and security in addition to newly-renovated elevators and windows. Notable tenants include Redcats USA, Bernardo Fashions, and G-111 Apparel Group. Retail tenants include Federal Express, Kara New York and Andrew's Coffee Shop.
Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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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