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"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
The 91,040-square-foot building, which will continue to serve as the headquarters of the clothing company, was bought by New York real estate investment firms Melohn Group and Drake Street Partners.
“The job creation that is going on will directly affect occupancy rates in Fairfield County, particularly in the office space,” says Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office.
The 143-unit property includes two ground-floor commercial units, a newly renovated rooftop deck and lobby, and a resident game room.