Savills announced that it represented the Saadia Group in a 40,738 s/f sublease at 275 Madison Avenue.
The New York City based investment firm will leverage the contiguous space as the new headquarters for Lord & Taylor and New York & Company, whose intellectual properties were acquired by the Saadia Group in October of last year. Andrew Zang, an assistant director at Savills, said Jack Saadia, principal and co-founder of the Saadia Group, sought a space for the firm’s recently acquired brands and tapped Savills for a strategic plan that included identifying a location that would allow Lord & Taylor and New York & Company to quickly establish operations while maintaining a New York City presence and accommodating future growth.