In renewal news, Phillips-Van Heusen has renewed and expanded to nearly 200,000 square feet at 200 Madison. The apparel company that brings you Calvin Klein, Bass and Izod renewed its 150,000-square-foot lease and expanded by an additional 47,629 feet at its Murray Hill home.
Cushman & Wakefield’s Matthew Astrachan, Mitchell Konsker and Steven Bauer represented the tenant.
Release after the jump.
– John Koblin
PHILLIPS-VAN HEUSEN LEASES 200,000 SF AT 200 MADISON
Cushman & Wakefield represents growing apparel company in corporate HQ lease
NEW YORK – Jan. 5, 2007 – Cushman & Wakefield announced today that Phillips-Van Heusen Corporation, one of the largest apparel companies in the world, has signed a 200,000-square-foot renewal and expansion at 200 Madison Ave. for its corporate headquarters.
Phillips-Van Heusen signed a long-term lease for 10 full floors at 200 Madison Ave., located between 35th and 36th Streets. It will renew the 150,000-square-feet it currently occupies on the 10th through 18th floors, and the 23rd floor. The firm will also expand by 47,629 square feet, taking the entire eighth floor.
Cushman & Wakefield’s Matthew Astrachan, Mitchell Konsker and Steven Bauer of the firm’s Midtown Manhattan office represented Phillips-Van Heusen in its site evaluation and in lease negotiations with the landlord, 200 Madison Associates, a partnership of George Comfort & Sons, Inc. and Loeb Partners Realty. The same Cushman & Wakefield team recently represented Phillips-Van Heusen in a 225,000-square-foot lease renewal and expansion in Bridgewater, N.J.
“This new lease allows Phillips-Van Heusen to accommodate its continuing growth while maintaining its operations within one office building,” said Mr. Astrachan, a Cushman & Wakefield executive vice president.
“Phillips-Van Heusen evaluated its options for additional space, but ultimately found 200 Madison was the best alternative for it to expand its corporate headquarters operation,” said Mr. Konsker, an executive vice president at Cushman & Wakefield.
In October, Phillips-Van Heusen agreed to acquire tie maker Superba for $180 million.
Phillips-Van Heusen was founded in 1876 and is headquartered in Manhattan. The company owns and markets the Calvin Klein brand worldwide. It is the world’s largest shirt company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, IZOD, Arrow, Bass and G.H. Bass & Co., and its licensed brands Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, BCBG Max Azria, BCBG Attitude, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection and JOE Joseph Abboud.
Totaling about 600,000 square feet, 200 Madison Ave. is a 26-story office building located in Murray Hill. In addition to Phillips-Van Heusen, major tenants include Greater NY Mutual Insurance and Lally McFarland & Pantello.
The owners were represented by Peter S. Duncan and Matt Coudert of George Comfort & Sons, Inc.