Helmsley Spear Brokers New 7 Year Lease Extension In Garment District Manhattan Property

Helmsley Spear, LLC, America’s oldest continuously operating real estate firm that was founded in 1866, and a proud member of CORFAC International, is pleased to announce that it has brokered a second lease extension for China Ting Fashion Group (USA) LLC in Manhattan’s Garment District totaling 6,824 square feet at 525 Seventh Avenue. The lease extension was announced by Kent M. Swig, President of Helmsley Spear.

“We are thrilled that Helmsley Spear has completed this transaction for prime space in Manhattan’s Garment District. This 24 story building offers 21st century office amenities in a great commercial location. Manhattan’s Garment District is known worldwide and this new lease is another good example of why New York City is thriving with new and expanding companies,” said Kent Swig.

Peter Cannold and Scott M. Bloom, Senior Vice President of Helmsley Spear represented the tenant in this lease extension and Steven Marvin and Sam Friedfeld were the Landlord’s Agents. The property is owned by 525 Delaware LLC. The 7 year lease extension is for space on the 16th floor and is with China Ting Fashion Group (USA) LLC.

“We are pleased to secure a lease extension for this expanding international fashion company in a prime Garment District building,” said Mr. Cannold.

About Helmsley Spear

Since 1866, Helmsley Spear has been a leader in commercial real estate creating legendary deals that are the cornerstones of the real estate industry, and is the oldest, continually operating real estate firm in America. Evolving from a real estate appraisal company to a full-service firm providing highly-skilled, professional performance and bottom-line profitability for its clients, Helmsley Spear provides property owners and users of real estate with a full array of services including: office and retail leasing; property and asset management; capital advisory services; investment sales and financing; project development and construction management; preventative maintenance and engineering; insurance services and appraisal. Helmsley Spear is independently owned and operated with offices in New York and San Francisco.