Steve Madden walks into 60K sf at ESRT’s 501 Seventh Ave
Tenants walked in the Garment District so Steve Madden could run. The shoe and accessories retailer signed a 13-year lease for 60,000 square feet at Empire State Realty Trust’s 501 Seventh Avenue, the Commercial Observer reported. The deal, disclosed this week in the real estate investment trust’s first-quarter earnings report, carried an asking rent in the low $60s per square foot. Steve Madden appears to be relocating from Long Island City; the company’s corporate headquarters is located at 52-16 Barnett Avenue in the Queens neighborhood. At the 18-story 501 Seventh Avenue, Steve Madden will be joining tenants such as Japanese […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
New York City halts office-to-resi conversion at 222
Broadway
DOJ launches criminal investigation into camps owner Simad
Holdings, David and Michael Shabsels
Deal Diary: 9 Years, 39 Doors, and $20K a Month in Cash
Flow—Here’s How Jefferson Simmons Built His Portfolio
One Rental Property Saved Me From My 100-Hour
Workweeks
The “Repeatable” Strategy That Helped Him Buy 6 Rentals in 6
Months (Working 9-5)
Cash Flow vs. Appreciation: What Should Beginners Focus on?
(Rookie Reply)
6 Reasons Why Buyers Walk Away After Touring a Home
Location vs Property Size: What Matters More When Buying a
Home?
Low-Maintenance Living: Top Features That Make a Home Easier
to Maintain
Rybak bucks 485x slump with 500-unit Coney Island
development
