"Amiee Lynn has been a tenant at 366 Fifth Avenue since 2005 and will consolidate into the full 10th and 11th floors after a partial in-building relocation. Ownership, led by Joseph P. Day Realty, teamed with the tenant to modernize the space and tailor it to the company's operations instead of watching a long-term fashion name head for another neighborhood."
"The timing of the renewal lines up with a slow but noticeable rebound in Manhattan leasing, particularly for mid-priced Midtown properties that can function as both showrooms and offices. Lee & Associates NYC notes in its Q4 market reporting that activity has been ticking up, which likely helped make a Midtown stay more appealing for a wholesale operator like Amiee Lynn."
"Amiee Lynn was founded by Steven and Michael Spolansky and operates as a New York-based fashion wholesaler for accessories, apparel and home goods. The company has kept a showroom and office presence on Fifth Avenue for years and is expected to settle into the refreshed upper floors once the buildout wraps."
Amiee Lynn, a New York-based fashion wholesaler founded by Steven and Michael Spolansky, has renewed its lease at 366 Fifth Avenue in Manhattan's Penn Plaza/Garment District. The company, which has occupied the building since 2005, will consolidate into the full 10th and 11th floors following a partial in-building relocation. The five-year, seven-month lease is priced at approximately $57 per square foot. The landlord, Joseph P. Day Realty, collaborated with the tenant to modernize and customize the space for the company's operations. This renewal reflects growing demand for mid-priced Midtown properties that serve dual functions as showrooms and offices, aligning with recent improvements in Manhattan's commercial leasing market.
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