Expanding to a Larger & Distinctive Studio Near Clients

Building

125 Fifth Avenue

Lease Term

7 Years

Lease Type

New Direct Lease

Delivery Condition

Modified to Suit

The Challenge

Temple Studio, a leading textile, rug, and wall-covering showroom, is renowned for its high-quality products and innovative designs. As the business expanded, the need for a larger showroom became essential. However, they aimed to avoid the steep increase in rental expenses typically associated with expansions in prime commercial areas. Their priorities were clear: find a location near their clients, secure a larger space to display a broader range of products, and identify a distinctive space that aligns with the brand’s creative image.

The Solution

Temple Studio secured the entire fifth floor at 125 Fifth Avenue, providing 5,000 square feet of versatile space ideal for transforming into a state-of-the-art showroom. The space, being second-generation, required modifications which were included as part of the seven-year lease agreement. The landlord agreed to customize the space to meet the specific requirements of a high-end showroom, ensuring functionality and aesthetic appeal.

The Outcome

The relocation to 125 Fifth Avenue has significantly enhanced Temple Studio’s positioning, improving their visibility and accessibility to clients. The new showroom not only accommodates their expanding inventory but also mirrors the unique and sophisticated style of their products. This strategic move supports Temple Studio’s growth and strengthens their market presence, establishing a new standard for design showrooms in the area.

My team and I are ready to represent you in your next NYC commercial real estate lease.

Contact

Jwolkenfeld@normanbobrow.com

Direct: (212) 682-8848

Mobile: (323) 474-5552

Address: 488 Madison Avenue, New York, NY 10022

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