Polo Ralph Lauren Stitches Up 19K SF for Studio in LIC’s The Factory
January 26, 2016


Another fashion company is opening studio space in the hulking Long Island City building known as The Factory.

Polo Ralph Lauren has signed a 19,105-square-foot deal on a lower floor at the 1.1-million-square-foot 30-30 47th Avenue between 31st Street and 30th Place, data from CoStar Group shows.

The lease is for nine years, according to a source familiar with the deal. Asking rent in the deal was not immediately available. But in the past, CO has reported asking rents to range from the mid-$30s per square foot to the mid-$40s per square foot...

Brian Waterman, Howard Kesseler, Jordan Gosin and Brett Bedevian of Newmark Grubb Knight Frank represent the landlord, which is a partnership between Atlas Capital Group, Square Mile Capital Management and Invesco Real Estate. David Goldstein and Gabe Marans of Savills Studley represented Polo. A spokesman for the landlord declined to comment. Brokers for the tenant did not immediately return a request for comment via a spokeswoman...

Polo Ralph Lauren Stitches Up 19K SF for Studio in LIC’s The Factory




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