{"id":1004592174,"date":"2022-07-19T03:56:26","date_gmt":"2022-07-19T11:56:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004592174"},"modified":"2022-12-09T02:12:02","modified_gmt":"2022-12-09T10:12:02","slug":"howard-hughes-corp-signs-tenant-at-the-seaport","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/howard-hughes-corp-signs-tenant-at-the-seaport\/","title":{"rendered":"Howard Hughes Lands Fashion Designer\u2019s Global HQ"},"content":{"rendered":"<div id=\"attachment_1004592177\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004592177\" data-attachment-id=\"1004592177\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/howard-hughes-corp-signs-tenant-at-the-seaport\/fulton-market-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg\" data-orig-size=\"1000,750\" 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;\\u00a9 Yardi Systems, Inc.&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=\"Fulton Market Building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Fulton Market Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg?w=1000\" class=\"wp-image-1004592177 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/Fulton-Market-Building-e1658227181392.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004592177\" class=\"wp-caption-text\">Fulton Market Building<\/p><\/div>\n<p>Fashion designer <strong>Alexander Wang<\/strong> has signed a 15-year, 46,000-square-foot lease at the Fulton Market Building in Lower Manhattan. The company will relocate its headquarters from 386 Broadway in Soho to occupy the entire top floor of the historic Seaport building in 2023.<\/p>\n<p>Sean Black from <strong>BLACKre<\/strong> assisted the tenant, while a <strong>CBRE<\/strong> team represented the landlord, <strong>The Howard Hughes Corp.<\/strong><\/p>\n<p>Located at 11 Fulton St. in Manhattan\u2019s Financial District, Fulton Market Building is a 128,123-square-foot property that came online in 1983 and was renovated by HHC in 2015. The fashion company\u2019s leased space, featuring 20-foot ceilings and a 5,000-square-foot patio, will be home to employee offices and a showroom.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-office-deals-pick-up-pace\/\">Manhattan Office Deals Pick Up Pace<\/a><\/p>\n<hr>\n<p>Alexander Wang\u2019s lease brought the Fulton Market Building to full occupancy, while The Seaport became 68 percent leased. Other notable tenants in the neighborhood include <strong>iPic<\/strong>, <strong>ESPN<\/strong> and <strong>Nike<\/strong>\u2019s creative studio.<\/p>\n<p>The property is some 7 miles from downtown Manhattan across from South Street Seaport Museum and within walking distance of Pier 17, another HHC property. The location is also close to 250 Water St., where the developer plans to build a mixed-use tower featuring luxury apartments, office and commercial space.<\/p>\n<p>CBRE\u2019s Mary Ann Tighe, Gerry Miovski, Brett Shannon, Zac Price and Masha Dudelzak represented HHC.<\/p>\n<h2>Office leases across Manhattan<\/h2>\n<p>According to CommercialEdge data, Manhattan had a 13.9 percent vacancy rate as of June, 320 basis points higher year-over-year. Nevertheless, the borough has seen several important leases in the last six months. One standout deal closed in May, when financial services giant <strong>Macquarie Group<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-anchor-tenant-at-manhattan-office-tower\/\">leased 221,764 square feet<\/a> across six floors at 660 Fifth Ave. for its new Americas regional headquarters.<\/p>\n<p>In a more recent transaction, <strong>The Durst Organization<\/strong> landed a new tenant at One Five One, the 48-story office tower at 151 W. 42nd St. <strong>Chicago Trading Co.<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/the-durst-organization-inks-long-term-lease-at-manhattan-tower\/\">signed a 15-year lease<\/a> for 68,339 square feet and will occupy the building\u2019s 36th and 37th floors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An historic Lower Manhattan building will be the tenant\u2019s new home.<\/p>\n","protected":false},"author":870,"featured_media":1004592177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,22251,1600,21742,10,21747],"tags":[32789,33156],"class_list":["post-1004592174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-in-focus","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-the-howard-hughes-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Howard Hughes Lands Fashion Designer\u2019s Global HQ - CPE<\/title>\n<meta name=\"description\" content=\"Alexander Wang signed a 46,000-square-foot lease at the Fulton Market Building in Lower Manhattan, N.Y. CBRE assisted The Howard Hughes Corp.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/howard-hughes-corp-signs-tenant-at-the-seaport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Howard Hughes Lands Fashion Designer\u2019s Global HQ\" \/>\n<meta property=\"og:description\" content=\"Alexander Wang signed a 46,000-square-foot lease at the Fulton Market Building in Lower Manhattan, N.Y. 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