Revlon trying to escape pricey leases at 200 Park Avenue South – Robert Khodadadian

Revlon’s financial struggles are spreading beyond the makeup aisle and into the city’s office market. The bankrupt beauty conglomerate has asked a judge to terminate office and retail leases of its subsidiary Elizabeth Arden at ABS Partners’ Everett Building at 200 Park Avenue South, Crain’s reported. Elizabeth Arden, which Revlon acquired for $870 million in 2016, occupies nearly 36,000 square feet of offices at the Union Square building and a 10,000-square-foot, ground-floor retail space —

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, ABS Partners, bankruptcy, Office Leasing, Retail The Real Deal New York Read More