CITY—The Harry Fox Agency Inc., provider of rights management, licensing and royalty services for the music industry, has signed an agreement to terminate its 47,144-sq.-ft., fifth-floor sublease from Tommy Hilfiger USA at RXR Realty’s Starrett-Lehigh Building at 601 West 26th Street and relocate to 40 Wall Street.
Studley Senior Managing Director Greg Taubin, who represented HFA, engineered the six-party, multi-faceted transaction. An aspect of the transaction culminated in a directexpansion between RXR Realty and advertising firm McGarry Bowen, a tenant in the building seeking to expand. McGarry Bowen, represented by David Hollander and Sacha Zarba of CB Richard Ellis, will take over the 47,144-sq.-ft. former Harry Fox space.
Meanwhile, RXR amended Tommy Hilfiger’s master lease, terminating that portion of their space and taking back 21,000 sq. ft. of sublease space from an adjacent fifth-floor subtenant, Lord & Taylor. RXR also amended Hilfiger’s master lease to include that 21,000 sq. ft., for a new total of 350,000 sq. ft.
Tommy Hilfiger was represented in the transaction by Matthew Astrachan of Jones Lang LaSalle; Lord & Taylor was represented by Rob Silver of Newmark Knight Frank; RXR was represented in-house by Bill Elder.
HFA will move into the entire sixth floor of 40 Wall Street during the second quarter of 2012. 40 Wall Street is providing HFA with a new installation for its new offices. Studley's project management team is overseeing the buildout.