Mad Engine Global LLC and Jemma Apparel Holdings LLC have signed leases at 499 Seventh Ave., announced Resolution Real Estate Partners LLC, a member of NAI Global, which arranged the agreements.
Mad Engine Global LLC’s 4,550-square-foot office/showroom is the first New York location for the San Diego, California-based global licensing wholesale company. The company’s brands include Marvel, Star Wars, Disney and Coca Cola. In addition, Mad Engine provides private label apparel for such retailers as Target and Walmart. The initial lease term is three years.
Jemma Apparel Holdings LLC is expected to move to its new 3,200-square-foot sales office/showroom in January. The apparel and accessories wholesaler, which signed a five-year lease, is relocating from 1400 Broadway.
“I have previously worked with both of these firms, but this time, each required full-floor space on the avenue,” said Evan Lieberman, senior director of leasing for Resolution. Lieberman worked with Michael Dylan of Inceptum Inc. on the leases. “Of all the buildings we looked at, 499 Seventh Avenue met their criteria with the added benefits of cutting-edge upgrades and proximity to public transportation, Hudson Yards and the High Line.”
The landlord, Savitt Partners, was represented in-house by Elliott Zelinger. Asking rent for both spaces was $49 per square foot.
