3.1 PHILLIP LIM RELOCATES OFFICE TO HUDSON SQUARE
NEW YORK, NY- (April 25, 2011) 3.1 Phillip Lim has signed a long-term lease with expansion options for approximately 25,000 square feet of space at 304 Hudson Street for its New York corporate and design headquarters.
The pioneering label, which has been housed at 260 West 39th Street, is in the process of relocating to the top level of the eight-floor building and is planning a custom showroom and office space.
“The dynamic energy of Hudson Square as well as the flexibility and quality of space in our portfolio continue to attract a wide range of creative companies,” said Jason D. Pizer, President of Trinity Real Estate, the building’. “We are delighted that 3.1 Philip Lim is joining Hudson Square’s thriving community, and we look forward to a long, bright future for the company as part of our growing neighborhood.”
Tom Lynch represented Trinity Real Estate in the transaction, while Steven Solomon and Jason Kling, Managing Directors with ABS Partners Real Estate, represented 3.1 Phillip Lim.
“The 3.1 Phillip Lim team wanted a location where they could really make a statement and create custom space for their brand,” stated Solomon. “The vibrancy of the Hudson Square neighborhood added to the appeal for 3.1Phillip Lim.”
Creative director and co-founder, Phillip Lim, launched the eponymous brand in 2005 to glowing reviews and commercial success. In just a few years, the label has expanded to include women’s, men’s, kids, accessories, shoes and underpinning lines and Mr. Lim has established himself as a respected leader in the fashion industry.
“We are very excited about the plans we have for 304 Hudson Street,” added Wen Zhou, co-founder and CEO of 3.1 Phillip Lim. “This new space will better reflect the success the company has achieved over the past few years and what we hope to accomplish in the future.” A build out of the space will begin June 1 for occupancy in the fall.
Originally completed in 1898, 304 Hudson Street is situated between Spring and Vandam Streets and offers convenient access to mass transit as well as unique elements such as exposed brick walls, wood flooring and skylights. The 263,023-square-foot building is home to a diverse group of tenants including Atelier Fashion, Great Performances Catering and Events, Red Line Films and The Luxe Group.
About Trinity Wall Street and Hudson Square
Trinity Wall Street, one of New York City’s largest and oldest commercial property owners, maintains a portfolio of more than six million square feet. Situated in Lower Manhattan between the Hudson River on the west, Avenue of the Americas on the east, Houston Street on the north and Canal Street on the south, Hudson Square is one of the city’s most dynamic and creative business districts. Formerly an industrial warehouse and loft district, Hudson Square is now home to a diverse roster of high-profile organizations that includes advertising agencies, broadcasters, designers, architects, software businesses, publishers and other major companies and institutions.
About ABS Partners Real Estate
ABS Partners Real Estate, LLC is a New York-based real estate brokerage, management and consulting firm specializing in representing owners of real estate in the acquisition, repositioning and development of commercial and residential properties. The firm offers retail brokerage and advisory services as well as specialty services such as land use and ground lease consultation, transfer of development rights, fractional ownership valuation, FAR valuation and generational advisory in connection with real estate transfer. The firm also has full service commercial and residential property management divisions. For more information, visit www.absre.com.