Italian Suit Maker Castangia 1850 Opening First US Showroom on Madison Avenue

Jul 03, 2018 407


Italian suit designer Castangia 1850 is opening its first permanent U.S. showroom at 521 Madison Avenue in Midtown, Commercial Observer has learned. The 168-year-old suit maker has agreed to take 1,800 square feet spanning the entire second floor of the eight-story, roughly 15,000-square-foot office and retail building between East 53rd and East 54th Streets, the brokers involved in the transaction told CO.

The deal—a three-year lease that gives the tenant an option for an additional two-year term—was signed last week, with Castangia set to take occupancy of the space on July 1 and open its doors later in the month. Asking rent in the transaction was $65 per square foot. Steven Evans of Platinum Properties represented Castangia in the deal, while Alexander Furst and Louis Puopolo of Douglas Elliman Commercial represented the landlord, a private family firm led by Evans Cyprus.

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