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January 26, 2011

Bridal Queen Vera Wang Inks Lease at 15 East 26th Street

Vera Wang has signed a 12-year lease for 39,000 square feet on the fourth and fifth floors at 15 East 26th Street, a 150,000-square-foot office building that is managed by Walter & Samuels.

The famous designer fashion label is expanding its Corporate Headquarters after 20 years at 225 West 39th Street, a building that is also managed by Walter & Samuels. 
Harve Shuster, executive managing director of Walter & Samuels, and Glenn H. Isaacson, vice president of CB Richard Ellis, represented the tenant in the transaction. Walter & Samuels’ James S. Gladstone represented the ownership.

“I think Madison Square Park will be great for Vera Wang and Vera Wang will be great for Madison Square Park,” said David I. Berley, Chairman of Walter & Samuels.

Angelo, Gordon, Belvedere Capital, Metropolitan Realty Associates and an investment group led by Walter & Samuels’ David I. Berley recently purchased the office building.