COMPSTAK WEEKLY COMPS DIGEST
Every week we compile a digest of some of the most interesting recent deals from the CompStak database. We hope you will find the information helpful.
Giorgio Armani Relocates after 22 Years
The fashion leader left its Fifth Avenue location and signed a lease for 50,000 SF at 450 West 15th Street, aka Milk Studios Building. Armani will pay rent in the high 70's and receive TIs in the mid 50's. Earlier this year Chandler Chicco Agency, a subsidiary of Incentive Health, signed a renewal and expansion lease in the building, securing significantly lower rents but similar TIs. (The Armani lease was in the CompStak database since November. The Commercial Observer reported the deal in mid December)
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