New York – September 19, 2013 – Fashion powerhouse Tory Burch is once again expanding its presence at 11 West 19th Street. The luxury, lifestyle fashion brand defined by classic American sportswear with an eclectic sensibility has signed a 52,000-square-foot sublease, followed by a direct lease at the property, where it houses its corporate headquarters and showrooms. The new transaction brings Tory Burch’s total occupancy in the premier Flatiron District office building to more than 130,000 square feet. Tory Burch will occupy space previously housing marketing agency, Epsilon Interactive.
Bob Savitt, founder and president of Savitt Partners negotiated the multi-faceted, 12-year lease expansion and extension on behalf of the building ownership, 11 West 19th Associates, LLC. Cushman & Wakefield acted on behalf of Tory Burch in the negotiations, while Stephen Bellwood and John Boyle of Cassidy Turley represented Epsilon Interactive in the sublease portion of the deal.
“We are proud and excited to be expanding our presence 11 west 19th. Street,” said Robert Isen, President Corporate Development of Tory Burch. “Savitt Partners has been a great real estate partner as our business needs have expanded and evolved over the last six years. We are looking forward to continued growth together and many more years of a strong partnership with Savitt.”
“We are thrilled that Tory Burch is expanding its footprint at 11 West 19th Street,” said Mr. Savitt. “Tory Burch first committed to a 26,000-square-foot, full-floor lease at the property six years ago and has since steadily increased its presence with a number of sizeable expansions. The hot fashion brand is now the building’s largest tenant,” he continued. “This deal speaks to the tremendous demand by international fashion companies for modern space with open layouts in the Flatiron District, as well as the incredible success Tory Birch has experienced.”
Built in 1902 and situated in the heart of the Chelsea-Flatiron District, the 280,000-square-foot property offers full floors of 26,000 square feet and entrances on both 19th and 20th Streets. The property boasts a newly renovated lobby with 20-foot ceilings, on-site property management, completely updated elevators, 24/7 building access, lobby attendant and is conveniently accessible to many restaurants, shops and modes of transportation. In addition to Tory Burch, major tenants include Time Warner, Nautica, VF Sportswear, LBi and Mergermarket.