Garan, the Berkshire Hathaway-owned children’s apparel company, is significantly expanding its New York City presence, effectively doubling its office space in Manhattan.
Having outgrown its current headquarters at 200 Madison Ave. (for which it had originally signed a decade-long agreement in early 2022), Garan is now leasing the entirety of the 31,663-square-foot sixth floor at 99 Park Ave., a property managed by Global Holdings Management Group. This expansion complements Garan’s existing 31,754-square-foot space on the property’s seventh floor to bring its total footprint to 63,417 square feet.
The lease transaction at 99 Park Ave. involved representation from both JLL and CBRE. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL handled negotiations for the landlord, while CBRE represented the tenant. Specific CBRE brokers involved in the deal remain undisclosed. Neither JLL nor CBRE provided immediate comment regarding the transaction.
In parallel, Global Holding’s 26-story office tower is undergoing a substantial, $30 million renovation. Led by VOCON, this capital improvement project will transform the building’s infrastructure by featuring a redesigned lobby and modernized amenity spaces. These upgrades will encompass a conference center; a speakeasy; a barbershop and salon; and an entertainment lounge equipped with a bowling alley and golf simulator. The extensive renovation is scheduled for completion in early 2026.
“Anytime a current tenant decides to expand its presence at 99 Park Avenue, it’s attributable to the strategic investments we’ve made and the premium experience we offer tenants,” said Craig Panzirer, director of leasing at Global Holdings. “With our capital improvement program well underway, we’re reinforcing our commitment to creating best-in-class workplaces that support the growth, success and future of our tenants.”
Global Holdings has been actively managing 99 Park Ave. and recently finalized several lease renewals and expansions. Notably, Metropolitan Commercial Bank has significantly increased its presence after securing a 52,677-square-foot extension across the 12th and 13th floors, alongside a new 26,802-square-foot lease for the entire 11th floor. Furthermore, Lubert-Adler, a real estate investment firm based in Philadelphia, has committed to an eight-year lease expansion, adding 7,674 square feet to its existing space on a portion of the 19th floor.
“Today’s tenants are seeking well-located and highly amenitized spaces, and 99 Park Avenue delivers on all fronts,” Panzirer added. “In response to this demand and our commitment to strategic investments across the portfolio, we’ve invested in a transformative capital improvement program that is already attracting and retaining the world’s leading companies looking for modern office spaces that foster innovation and collaboration.”
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