Channel, Leases, Office, 601 West 26th Street, Ariel Ball, Denise Rodriguez, Elliot Bok, Eric Deutsch, Jared Freede, Ken Meyerson, Starrett-Lehigh Building, New York City, Manhattan, Midtown South, Chelsea, CBRE, Ralph Lauren, RXR, RXR Realty Commercial Observer
A paragon of the New York fashion world has bagged a deal in West Chelsea.
Ralph Lauren renewed its 250,000-square-foot offices at the Starrett-Lehigh Building at 601 West 26th Street, the New York Post first reported. The 19-story building occupies an entire block between 11th and 12th avenues.
Rents in RXR‘s building range from $60 to $79 per square foot, according to a source with knowledge of the deal. The length of the lease was unclear.
The fashion company relocated its North America business operations to the Starrett-Lehigh Building in 2017 and signed a 10-year lease for an additional 350,000 square feet the following year, bringing its total footprint to 450,000 square feet, as Commercial Observer previously reported.
It’s unclear if Ralph Lauren — which has its corporate headquarters at 650 Madison Avenue — is downsizing its Starrett-Lehigh presence with the renewal.
A spokesperson for RXR declined to comment, and a spokesperson for Ralph Lauren did not respond to a request for comment.
CBRE (CBRE)’s Eric Deutsch, Ken Meyerson, Ariel Ball, Elliot Bok and Jared Freede arranged the deal for Ralph Lauren while Denise Rodriguez represented RXR in-house.
Other tenants in the Starrett-Lehigh Building include sportswear brand Under Armour, advertising agency McGarryBowen, home goods manufacturer OXO, the design team of Johnson & Johnson, media and merchandising company Martha Stewart Living Omnimedia and design studio Diller Scofidio + Renfro.
Abigail Nehring can be reached at anehring@commercialobserver.com.
A paragon of the New York fashion world has bagged a deal in West Chelsea. Ralph Lauren renewed its 250,000-square-foot offices at the Starrett-Lehigh Building at 601 West 26th Street, the New York Post first reported. The 19-story building occupies an entire block between 11th and 12th avenues. Rents in RXR‘s building range from $60 to Read More
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, The Commercial Observer, Retail For Lease, Commercial Observer, Commercial Office Lease
