A Full-Floor Tower of 14,875 SF Remains Available to Lease,Along with OnePrebuilt of 6,761 SF
RFR Realty LLC today announced that PVH Corp.’s multinational luxury apparel business, Tommy Hilfiger, has expanded its corporate headquarters at 285 Madison Avenue, a newly repositioned,26-story, 510,000-square-foot office tower located on the northeast corner of Madison Avenue and 40th Street. The iconic apparel and accessories giant took an additional 14,054 square feet of space and will now occupy approximately 220,000 square feet at the Class A property. In addition, global financial technology company Quantitative Brokers, LLC signed a new lease for 7,070 square feet at the tower. With these leases, the property is nearing full occupancy and has just one full tower floor of 14,875 square feet of space available,along with one 6,761-square-foot 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, which designs and manufactures high-end apparel for men, women and children as well as a wide range of licensed products such as footwear, accessories, fragrances and home furnishings, expanded to the balance of the 10th floor at the property.Tommy Hilfiger 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, an independent, global financial technology company that provides advanced data-driven analytics to clients in the Futures and US Cash Treasury markets, signed a new lease on a tower floor. Founded in 2008 by Robert Almgren and Christian Hauff, Quantitative Brokers was officially launched in 2010 and now has offices in New York City, London, Sydney and Chennai. 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 Mr. Konsker, Alexander Chudnoff, Dan Turkewitz and Diana Biasotti, also of JLL, as well as Mr. 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 comprehensive renovation and design upgrade. The property’s amenities include a landscaped roof- top terrace with outdoor lounge and an adjacent indoor amenity space, a large ground floor lounge and event space, fitness center complete with showers and men’s and ladies’ locker rooms, and a bike storage area. The building lobby also has a rotating contemporary art program, currently featuring works by Peter Dayton, Enoc Perez and
About RFR
RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany. Founded by Aby Rosen and Michael Fuchs in the early 1990’s, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR’s portfolio has grown to include more than 100 properties located in select domestic and international markets. While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings. RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering. RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.
About PVH Corp.
With a history going back over 130 years, PVH Corp. has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 30,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo*, Warner's and Olga brands and market a variety of goods under these and other nationally and internationally known owned and licensed brands.
