December 10, 2018 – Signal Brands, a fashion accessories group that manages a portfolio of globally-renowned brands, including GUESS and Nine West, has extended its lease at 320 Fifth Avenue by 10 years. In addition, it has more than doubled its fourth floor offices from 6,748 square feet to occupy the full 11,730-square-foot floor, along with a fifth floor suite consisting of approximately 2,247 square feet. The owner, Brause Realty Inc., was represented by the building’s exclusive agents Jonata Dayan, Executive Vice President, and Jonathan Ben-Dayan, Director, HSP Real Estate Group, who also represented the tenant.
“Signal Brands has been consistently growing their presence at 320 Fifth Avenue over the past 25 years,” says Ms. Dayan. “It continues to be an ideal location for the firm, central to three transportation hubs and still in the heart of the Fashion District.”
Adds Jason Rimokh, CEO of Signal Brands, “We are excited to be expanding our New York footprint at such a coveted and sought-after location. Three-twenty Fifth Avenue has been rewarding for Signal Brands and we look forward to the continued success.”
Owned by Brause Realty Inc., 320 Fifth Avenue is an 11-story office building conveniently situated between 32nd and 33rd Streets that offers partial floor suites from approximately 900- to 5,300 rentable square feet and full floors from 10,150- to 11,730 rentable square feet. It features a masterfully restored lobby with vaulted ceilings, fully modernized elevators and sleekly renovated floors. The building’s contemporary ambiance is equally desirable to tenants from a wide variety of industries, including fashion, furniture, engineering, technology, advertising, media and Internet-based companies.