Kate Spade, the designer of women’s bags and apparel, is taking two floors at 2 Park Avenue, according to people with knowledge of the deal.
The company, a subsidiary of the large retailer Liz Claiborne that includes the eponymous menswear label owned by Kate Spade’s husband Jack Spade, will take floors eight and 12 in the deal, over 80,000 s/f of space for rents in the mid $40s per s/f.
Kate Spade will be relocating from 48 West 25th Street. Representatives at the company could not be reached by press time.
A leasing team from the real estate services firm Newmark Knight Frank led by Newmark’s New York area president David Falk represented Spade in the deal. Falk is also handling a separate search for Liz Claiborne, which is looking for hundreds of thousands of s/f of space in Manhattan in which to relocate its offices. Falk couldn’t be reached for comment.
A leasing team from the real estate services company Cushman & Wakefield led by Tara Stacom and Mitch Arkin handle leasing at 2 Park. Neither could be reached.
The deal with Kate Spade is the second large deal at 2 Park in recent months by an apparel company. As Real Estate Weekly first reported, Gilt Groupe, an online retailer of discounted designer clothing, accessories and other luxury items, including vacation packages, roughly doubled its size in the building to about 100,000 s/f in March.
ASME, an association for mechanical engineeers, also recently signed a deal for about 100,000 s/f, relocating to the property from nearby 3 Park Avenue.