Luxury Retail Contractor Michael and the designer PatBO each made offers of 7,000 square feet to use their belongings 126 Fifth Avenuelearns the Commercial Observer.
The asking rent was $65 per square foot over the two 10-year leases, according to records dividers‘ Noah Jaywho represented both tenants with Michael Yadgard.
Michilli – known for designing retail mailers for Swarovski AND Gucciand construction GoogleS ‘ first store ever in Chelsea — gave the Flatiron District’s new offices throughout the ninth floor a facelift before moving from 160 Varick Street last week, he said Ellman Realty Advisors‘ Marco Ellman, who represented the landlord 126-8 Fifth Avenue with Hiro Tanaka. Michilli took the space from the investment firm Brooklyn NY Holdingswhich moved to Grace Building IN 1114 Avenue of the Americas last spring, Elman said.
PatBO will design its seventh-floor showroom when it moves into the building between West 17th and West 18th streets before the end of the year, Jay said. PatBO has another one 5000 square meters post in 65 Green Street and will replace the clothing designer Mara Hoffman at 126 Fifth.
Ellman said both companies “were great additions to the building” and will join an “eclectic mix of tenants” that includes Ellman Realty Advisors. start of video VidMob and ground floor retailers Sportsman.
Celia Young can be reached at cyoung@commercialobserver.com.
