RFR Realty announced that PVH Corp.’s Tommy Hilfiger has expanded its corporate headquarters at 285 Madison Avenue.
The iconic apparel and accessories giant took an additional 14,054 s/f of space and will now occupy approximately 220,000 s/f at the newly repositioned, 26-story office tower located on the northeast corner of Madison Avenue and 40th Street.
In addition, global financial technology company Quantitative Brokers, LLC signed a new lease for 7,070 s/f at the tower.
With these leases, the property is nearing full occupancy and has just one full tower floor of 14,875 s/f of space available, along with one 6,761 s/f prebuilt.
“Following our successful efforts to modernize and transform the property, we have experienced a tremendous response from both existing and new corporate space users,” said Senior Vice President & Director of Leasing, AJ Camhi. “We’re proud of the work we have done and continue to do at this unique property and are pleased to see the market embrace our vision for sophisticated, modern office space within a historic structure.”
Tommy Hilfiger expanded to the balance of the 10th floor and now leases the majority of the base of the building.
Matthew Astrachan, Mitchell Konsker and Steven Bauer of JLL represented PVH Corp., the parent company of Tommy Hilfiger, in the lease renewal.
Quantitative Brokers, LLC, signed a new lease on a tower floor.
Sam Seiler at JLL acted on behalf of the tenant in the lease negotiations.
In each of the lease transactions, the landlord was represented by Konsker, Alexander Chudnoff, Dan Turkewitz and Diana Biasotti, also of JLL, as well as Camhi and Ryan Silverman from RFR.
Acquired vacant by RFR Realty in 2012, the property has been fully transformed and amenitized through a $65 million renovation.