News: Brokerage

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."
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