{"id":1004174318,"date":"2017-04-27T02:58:26","date_gmt":"2017-04-27T10:58:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004174318"},"modified":"2017-04-27T02:58:26","modified_gmt":"2017-04-27T10:58:26","slug":"garment-district-office-tower-close-to-full-occupancy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/garment-district-office-tower-close-to-full-occupancy\/","title":{"rendered":"Garment District Office Tower Close to Full Occupancy"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004174320\" style=\"width: 407px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004174320\" data-attachment-id=\"1004174320\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/garment-district-office-tower-close-to-full-occupancy\/550-front-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg\" data-orig-size=\"1468,1101\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"550 Seventh Ave., New York\" data-image-description=\"&lt;p&gt;550 Seventh Ave., New York&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;550 Seventh Ave., New York&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg?w=1024\" class=\"wp-image-1004174320\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg\" alt=\"550 Seventh Ave., New York\" width=\"397\" height=\"298\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg 1468w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/550-front-resized.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 397px) 100vw, 397px\" \/><\/a><p id=\"caption-attachment-1004174320\" class=\"wp-caption-text\">550 Seventh Ave., New York<\/p><\/div>\n<p>Manhattan\u2019s Garment District swarms with creative tenants and Adler Group\u2019s 550 Seventh Ave. is one of the buildings that pops in mind when it comes to <a href=\"https:\/\/www.commercialsearch.com\/news\/afiaa-inks-first-lease-at-125-w-25th-st\/\">innovative showrooms<\/a>. Kaufman Organization\u2019s Vice President of Leasing Sam Stein and Partner Michael Heaner represented the owner in a 12,015-square-foot, 10-year lease. The tenant, international textile manufacturer Shanghai Shenda, was represented by Adams &amp; Co.\u2019s David Levy and Jeff Buslick. The firm plans to occupy the entire 15th floor, leaving the asset with the last office vacancy, after TheaterMania and InVision Communications signed two separate similar deals just last year, paying roughly $60 per-square-foot.<\/p>\n<p>\u201c<em>The Adler Group committed to a strategic repositioning campaign, one that showcased the building\u2019s history as a premier fashion destination, but also rebranded the property to attract firms that crave social spaces conducive to creativity and innovation,\u201d<\/em> Heaner said in prepared remarks. \u201c<em>To that end, we have been successful in securing leases with traditional fashion houses, like a Shanghai Shenda, and with the creative \u2018TAMI\u2019 firms exploring larger offices spaces north of Midtown South.<\/em>\u201d<\/p>\n<p>Built in 1924 by current owner Adler Group, the Art Deco office tower features limestone, terracotta and a recently renovated brick fa\u00e7ade, Yardi Matrix data shows. The 225,981-square-foot building features floor plates ranging from 6,840 to 11,695 square feet and it includes 11,000 square feet of ground-level retail space. Besides spacious and naturally lit floors, a new lobby with a 24\/7 attendant and all-glass offices, the 25-story construction offers key-cards for after-hour access and on-site management. Situated within walking distance of restaurants, hotels, gyms, banks, retailers, bars and theaters, it provides tenants easy access to several transportation hubs, including Penn Station, Port Authority, PATH train and eight subway lines.<\/p>\n<p><em>Image courtesy of Adler Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a deal brokered by the Kaufman Organization and Adams &#038; Co., Shanghai Shenda America recently inked a 12,015-square-foot, full-floor lease at 550 Seventh Ave., following showroom expansion plans. <\/p>\n","protected":false},"author":241,"featured_media":1004174320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[],"class_list":["post-1004174318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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