Thor Equities has leased 14,440 s/f at 25 West 39th Street to Halston, company executives announced.
The luxury fashion label signed a long-term lease for the entire fourth floor for its New York showroom.
Located near Bryant Park, the 16-story limestone and brick building owned by Thor features high ceilings, a rooftop terrace, and on-site parking.
“We are pleased to welcome Halston to 25 West 39th Street, a magnificent office building with a storied history and ideal location in the heart of Midtown Manhattan,” said Melissa Gliatta, COO of Thor Equities.
Opened in 1907 as the Engineering Societies’ Building, the property was built with a $1.5 million gift from Andrew Carnegie. It featured a 1,000-seat auditorium and one of the largest engineering libraries in the world, with members including Thomas Edison and Nikola Tesla.
The Engineering Societies’ left in 1961, and the building was converted to office space.
Additional tenants at 25 West 39th St. include Movado, Polo Ralph Lauren, Spark Labs, Seven for all Mankind, and Thor Equities.
Arthur Mirante, John Ryan, III, Patrick Steffens and Michael Blue of Avison Young represented the landlord in the transaction together with Jonathan Scheinberg of Thor Equities. Scott Rosen of Akron Trotter Property Group represented Halston. Asking rents was approximately $70 psf.