New Avon is subletting a floor of its former HQ to real estate firm Rose Associates, according to a report published by The Real Deal.
The US-based direct sales business moved from 777 Third Avenue to One Liberty Plaza last summer but retains 271,000 square feet of space at its former offices. The new deal will allocate some 25,000 square feet to the property company, which translates as the entire sixth floor.
Asking rent for the space was US$65 per square foot, according to the Commercial Observer, per The Real Deal. This is not the first time that New Avon has sublet the space – former tenants include Epiq Systems and Hospital for Special Surgery.