Empire State Realty Trust Inc. (ESRT) has signed a 34,000-square-foot expansion and renewal lease with luxury fashion house Carolina Herrera Ltd. (a subsidiary of Puig Brands) at 501 Seventh Ave.
“Carolina Herrera remains deeply committed to the New York Fashion District and continues to play a vital role in the fashion ecosystem that the neighborhood nurtures,” said Emilie Rubinfeld, president at Carolina Herrera. “Through our partnership with ESRT, we have reinforced our brand legacy, and we are proud to call Seventh Avenue our home, both now and in the future.”
501 Seventh Avenue is a modernized office building in midtown Manhattan near Penn Station, Madison Square Garden, dining and lodging. Tenants benefit from the building’s efficient side-core floor plates, a new rooftop lounge with indoor and outdoor seating and access to shared campus amenities which include a Town Hall conference space at 1400 Broadway, and an outdoor rooftop lounge at 1333 Broadway to open this year. Tenants also enjoy a diverse mix of in-building retailers which include Chipotle, Le Café, Club Pilates, A Cut Above and Chop & Go.
“ESRT stands out above the rest with its unparalleled service reputation, best-in-class balance sheet, prime locations, and modern amenities,” said Thomas P. Durels, ESRT executive vice president of real estate. “Carolina Herrera Ltd. joins the list of more than 299 expansions within our top tier portfolio.”
Matthew McBride and Cara Chayet of CBRE represented Carolina Herrera, Ltd. in the lease negotiations. Jordan Berger, Shanae Ursini and Kerry Lavelle of ESRT and Ron Lo Russo and Harley Dalton of Cushman & Wakefield represented the property owner.
