April 11, 2011 -
Spotlights
The Kaufman Organization recently brokered an 18,500 s/f lease at 475 Tenth Ave. for Marc Ecko Enterprises Apparel, LLC.
Marc Ecko Enterprises is an international fashion and lifestyle company. The brand is carried by over 5,000 department and specialty stores nationally. Having generated over $1.5 billion in sales in recent fiscal years, the company has experienced continued growth and now has a number of clothing lines including *ecko unltd., Marc Ecko Cut & Sew, Zoo York, Sketchers, and Kids Headquarters.
Although the terms of the lease were undisclosed, the asking rent for the space was $35 per s/f. Michael Heaner of the Kaufman Organization represented the landlord while Clayton Kline of Jones Lang LaSalle represented the tenant in the transaction. Marc Ecko Enterprises Apparel, LLC will be using their new space as a showroom and for executive offices.
"475 Tenth Avenue is a great location and building for Marc Ecko's newest showroom," said Heaner. "The full floor space is perfect for this designer and lends many options to showcase the brand's latest fashion and product lines."
Built in 1916, 475 Tenth Avenue is the former McGraw Hill Publishing building. The 14-story, 259,500 square-foot building features dramatic 14-foot windows, high ceilings, a renovated, attended lobby, 24-7 key card access, on-site security and on-site management. 475 Tenth Avenue is also home to notable tenants such as Richard Meier Architects, Donna Karan Home Collection, Isaac Mizrahi, Morgans Hotel Group and Time Out New York.
The Kaufman Organization, with 100 years experience and 5.2 million square feet of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions.