Cresa Vice president Simeon Weber has arranged a 10-year renewal for Outerstuff at 1412 Broadway.
A preeminent designer, manufacturer, and marketer of branded youth apparel for major sports leagues , colleges and universities, Outerstuff will continue to occupy 50,500 s/f on the 18th, 19th, and 20th floors of the Fashion District building, located between 39th and 40th Streets.
A tenant of the building for the past 10 years, Outerstuff was mulling a move to Brooklyn or New Jersey at the end of its lease.
“After defining its long-term goals, Outerstuff considered several locations but ultimately felt Manhattan could facilitate the vision for its future successes,” said Weber. “This deal is a win-win for all parties. Outerstuff scored a favorable lease, and the landlord was able to keep a major tenant in its building.”
Asking rent for all three floors was $45-per-square-foot. Representing the landlord, Isaac Chetrit ‘s AB & Sons, was Howard Kessler Jr. of Newmark.
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