Fossil Renews 14,786 Square Foot Lease At 366 5th Avenue In Manhattan For 25 Years

The asset involved in this transaction is an office space located at 366 5th Avenue, Manhattan. This lease consists of a generous 14,786 square-foot showroom, catering to the tenant's operational needs. The property is managed by Joseph P. Day Realty Corp, indicating a professional management structure in place for the tenant's convenience.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 366 5th Avenue
• Market: Manhattan
• Landlord: Joseph P. Day Realty Corp
• Tenant: Franco Fogliato - Fossil
• Landlord's Representative: Michael Joseph & Aiden Campbell - Colliers
• Tenant's Representative: Paul Walker - CBRE
• Lease Terms: 25 years

This lease represents a renewal by Fossil, indicating their long-term commitment to the location where they have been operating for approximately 25 years. The involvement of representatives from Colliers and CBRE highlights the professional brokerage support for both the landlord and tenant during this lease renewal process.