News: Brokerage

Keidan of Cresa arranges 5,000 s/f lease for Timberlake Studios

Leslie Keidan

Manhattan, NY Cresa Global Inc. (Cresa) vice president Leslie Keidan has arranged a 10-year lease for a 5,000 s/f workspace at 545 Eighth Ave. for Timberlake Studios, a theatrical costume production company. Founded in 1959 by costume maker Betty Williams, her protégé Sarah Timberlake took over the operation in 1996 and renamed it Timberlake Studios.

Landlord Global Holdings Management Group was represented in-house by Alexander Radmin. Timberlake Studios will be moving to its new workplace on September 1, 2023. The asking rent was in the high $30s per s/f. 

Over the years, Timberlake Studios has created costumes for such Broadway and Off-Broadway productions as Wicked, Cinderella, and The Fantastics. It is additionally recognized for dressing performers at New York City Opera, The Philadelphia Ballet, and Alvin Ailey American Dance Theater, and has even created mannequins’ costumes for Bloomingdale’s holiday window displays.

“Timberlake Studios’ workspace became increasingly inadequate for its operations,” said Keidan. “The new space is not only the right size in a preferred location, but it has also been renovated and the building is working with the company to meet their needs.”

 Timberlake said, “Leslie brought the highest level of knowledge and professionalism to help guide us through this process. We really felt cared for and like somebody was looking out for our requirements. We are excited to be moving into this space to help us grow well into the future.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of