Marc and Michael Schoen of Savitt negotiate two leases: 3,410 s/f total

According to Savitt Partners, the firm has completed the following transactions: Jones Apparel, a contemporary women's company, renewed and extended its 1,710 s/f lease at 530 Seventh Ave. The Savitt Partners team of Marc Schoen and Michael Schoen represented both the tenant and the building ownership, G&S Realty 1, LLC, in the negotiations. While financials were not disclosed, the average asking rent at 530 Seventh Ave. is $50 per s/f. In a transaction arranged by Savitt Partners, Pret A Manger has renewed its 1,700 s/f retail lease at 530 Seventh Ave. Known for its handmade, natural food that avoids obscure chemicals, additives and preservatives, Prett A Manger committed to an additional 10 year lease on the ground floor of the 460,000 s/f property located on 39th St. and Seventh Ave. in the Fashion District. Marc Schoen and Michael Schoen arranged the long-term retail lease on behalf of Pret A Manger in negotiations with the building ownership, G&S Realty 1, LLC. Built in 1930, the Art-Deco 530 Seventh Ave. is the premier location for many of the hottest fashion companies in the contemporary, junior and missy category, as well as designer, bridge, menswear, urban, footwear and accessory industries. High profile tenants in the property include Perry Ellis, Max Mara, Chaus, Fire, New Balance, Nike Swimwear, Kenneth Cole, Level 99 and Baby Phat, as well as multi-line showroom reps Point A Showroom, TKE, Lerner Et Cie and Focus Showroom to name a few. 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 Ave., 525 Seventh Ave., 218 West 40th St., 499 Seventh Ave. and 11 West 19th St. 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.