Adams & Co. Real Estate signed a new 11,525 s/f ten-year lease with Turn On Products, which operates as Younique Clothing, at 48 West 37th Street.
The clothing manufacturer plans to utilize the full 5th floor for general and executive offices and will move in immediately.
David Levy, principal of Adams & Co., represented the landlord, Forty Eight Thirty Seven Associates, while Greg Albert of Kaufman Leasing Company & Scott L. Kestenbaum co-brokered the transaction on behalf of the tenant. Rent was $45 per square foot.
“48 West 37th Street continues to be a desirable location for companies due to its prime location in the heart of the Transit Triangle,” said David Levy, principal of Adams & Co.
“As employers demand more and more from their employees, being in the very center of the three major NYC transportation hubs has become increasingly important.”
Constructed in 1926, 48 West 37th Street is an 18-story building located near several transit systems.
Adams & Co. recently partnered with Equiem, an Australian-based global property technology and tenant engagement company, to launch a comprehensive tenant portal available in the building and throughout the Adams & Company portfolio.
Founded in 1974, Younique Clothing designs and manufactures women’s clothing.