News: Brokerage

Marc and Michael Schoen of Savitt Partners completes two leases totaling 3,800 s/f

Creare LLC, a contemporary men's and women's apparel and accessories company, committed to 1,700 s/f of space, while Six Degrees, a high-end sportswear company, renewed its 2,100 s/f lease in the 460,000 s/f property, 530 Seventh Ave., owned by Savitt Partners and located in the Fashion District at 39th St. The Savitt Partners, father-son team of Marc Schoen and Michael Schoen represented Six Degrees and acted on behalf of the ownership in the renewal transaction. The team also negotiated the Creare lease, while Brett Marlin of Adams and Co. Real Estate represented the tenant. In both transactions the landlord worked closely with the tenants throughout the negotiation process to avoid any disruption to their day-to-day business operations. Previously located at 1385 Broadway, Creare LLC relocated its showrooms and offices to a tower floor space at 530 Seventh Ave. 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 s/f 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.
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