Jan. 29, 2016 Staff Report
A major clothing line will now be a tenant in Long Island City.
Polo Ralph Lauren has signed a lease to take over 19,000 square feet on a lower level floor in The Factory, located at 30-30 47th Ave., Commercial Observer reports.
According to Commercial Observer, Polo Ralph Lauren has signed a nine-year lease to operate out of this location.
The belief is that the clothing company will use this space as a photo studio for its products.
Macy’s signed a lease to do the same last summer.
The company took over 150,000 square feet in The Factory to use for photographing merchandise.
The Factory is about 1-million-square-feet and is owned by a partnership comprised of Atlas Capital, Square Mile and Invesco.
Neither Polo Ralph Lauren nor The Factory was available to comment
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3 Comments
I hope this will attract hot models in the area.
Are these companies getting “TAX BREAKS” to move to LIC? Hmm,,,,,,,
Yes, actually. There are incentives depending on how many employees they have within the space and some other factors too.