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Deals & Dealmakers

Swimwear maker expands in Garment District

Swimwear manufacturer, In Mocean, will expand its presence in the Garment District, signing on to a new lease 23,000 s/f lease at 463 Seventh Avenue.

The lease brokered on behalf of the landlord by Adams & Co. Real Estate, will increase the company’s presence on Seventh Avenue to more than 53,000 s/f and run for a little more than 10 years. The space had an asking price of $52 per s/f.

In Mocean creates swimwear for brands such as Anne Cole, Catalina and Angel Beach.

“The building’s close proximity to major mass transportation hubs adds an additional level of convenience for tenants,” said David Levy, principal of Adams & Co.

“Recent reports are showing the Garment District is steadily rising as a desired destination for all businesses, and with neighboring tenants like Dig Inn and systems like Equiem connecting all tenants digitally, 463 Seventh Avenue provides all-in-one capabilities for businesses to thrive in this space.”

The 22-story building is within walking distance of more than a dozen subway lines as well as Penn Station.
The landlord, The Arsenal Company, LLC, recently executed a new multi-million dollar lobby and security system overhaul and installed a landlord/tenant portal designed by the Australia-based PropTech company, Equiem.

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