NEW YORK—Children’s apparel manufacturer and wholesaler One Step Up has signed a 10-year lease renewal at 1412 Broadway and will continue to occupy 52,805 sq. ft. on the second, third and seventh floors at the property.
Cushman & Wakefield’s Mitchell Arkin, Michelle Walker and Jonathan Fales represented the owner, Harbor Group International LLC (HGI) in the transaction. The tenant’s broker was Jesse Rubens of Murray Hill Properties.
Since its acquisition of 1412 Broadway two years ago, HGI has invested more than $10 million in renovations at the 415,135-sq.-ft., 24-story office building. Improvements included upgrades to electrical capacity, telecommunications and fiber-optic infrastructure, new windows and renovations to the lobby, entry, corridors and restrooms. The property is currently 95 percent occupied.
Located between 39th and 40th Streets, 1412 Broadway offers access to Grand Central, Penn Station and the Port Authority as well as numerous subway lines. Additional tenants include Jones New York, Escada USA, OuterStuff, Securitas Security Services, Out of the Blue Enterprises and Oberon Securities, among others.