New York, NY - Cassidy Turley, one of the nation’s largest commercial real estate service firms in the U.S., announced today that Kellwood Company, a designer, manufacturer and marketer of premier fashion brands has moved the majority of their New York operations to 1441 Broadway. Kellwood is an affiliated portfolio company of Sun Capital Partners, Inc.
Kellwood initially plans to occupy 43,422 square feet on the entire 6th and 7th floors at 1441 Broadway, but will have expansion options on several floors. The initial transaction is a sublease from Liz Claiborne, Inc. and Kellwood has also signed a lease renewal, with multiple space expansion options, with Lechar Realty Group.
”This space was well-built and furnished and offered the opportunity to consolidate Kellwood’s operations into a contiguous block of built space from many properties in the Garment Center Market,” said Nicola Heryet, Principal/Senior Managing Director at Cassidy Turley. “The space was able to accommodate Kellwood’s expansion and consolidation needs by providing expansion options on four contiguous floors, creating the potential to occupy a 100,000 square foot, contiguous block of space at the building.
“1441 Broadway will provide us with the open working environment we’ve been seeking to foster teamwork and support the new collaborative culture at Kellwood Company,” said Stephen Walmsley, Vice President of Business Development and Special Projects at Kellwood Company.
Ms. Heryet, Mark Boisi, Chairman- New York and Stephen Bellwood, Director at Cassidy Turley represented Kellwood in the transaction.
About Cassidy Turley
Cassidy Turley is one of the largest commercial real estate services providers in the U.S., with 420 million square feet of managed space in 57 locations and $16 billion in completed transactions for 2008. The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker in the Midwest, Colliers ABR in New York City and Colliers Pinkard in Baltimore, Charlotte and Raleigh, along with the addition of BT Commercial and CPS in Northern California (formerly affiliated with NAI and CORFAC, respectively), BRE Commercial in Southern California and Phoenix (both formerly affiliated with Grubb & Ellis) and Colliers Houston & Co. of New Jersey. Collectively, the Cassidy Turley firms have over 360 shareholders. Through its team of experienced service professionals, Cassidy Turley focuses on the needs of its clients, offering end-to-end services delivered across a full spectrum of commercial real estate including Capital Markets, Corporate Services (which supports more than 22,000 locations), Landlord and Tenant Representation and Property and Project Management. The firm also offers specialty services and industry focused practice groups as well as first class market research. In addition, Cassidy Turley is a leader in assisting clients to create more sustainable workplace environments. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey.
Suzanne Dawson .
Linden Alschuler & Kaplan, Inc.