New York & Company, Inc., a specialty apparel chain with 507 retail stores, announced that in advance of the expiration of its existing headquarters lease, the Company signed a 16-year lease to relocate its corporate headquarters.
The Company plans to occupy approximately 180,000 rentable square feet of space in 330 West 34th Street in New York City by the end of 2014. Vornado Realty Trust is in the process of completing a full renovation of the building. Planning and design of the new headquarters site is already underway.
Gregory Scott, New York & Company’s CEO stated: “We are pleased that our new lease provides us with a smaller, more efficient, and cost effective alternative versus renewing the lease in our current location.
Our new corporate headquarters will provide us with a modern space to house New York & Company’s business and brand, and provide us with a platform for future growth. Our new headquarters is in close proximity to our existing fashion district location and, while it is smaller than our current facility, it will feature an open work environment that will foster even closer collaboration among our associates, and provide creative space for design and product presentations.
Our new 16-year lease demonstrates our confidence in the long term future success of New York & Company. We look forward to the many opportunities that will result from our new headquarters and believe this facility will serve us well for many years to come.”
About New York & Company
New York & Company, Inc. is a specialty retailer of women's fashion apparel and accessories, and the modern wear-to-work destination for women, providing perfectly fitting pants and NY Style that is feminine, polished, on-trend and versatile – all at compelling values.