Beck Street Capital Announces New Lease with International Cosmetics & Perfumes at 30 West 21st Street

NEW YORK, March 14, 2011 /PRNewswire/ -- Beck Street Capital, a private real estate investment firm, today announced that leading international luxury fragrance and skin care product company International Cosmetics & Perfumes Inc., or ICP (www.icperfumes.com), has signed a 5-year lease to occupy the seventh floor of 30 West 21st Street in New York City.  

"ICP's decision to take this high-end luxury office space in the heart of the hip Flatiron District is yet another sign of recovery for the U.S. luxury market and the continued interest in our property," said Kevin Comer, Senior Managing Director of Beck Street Capital.  "In the first 60 days of the new year, we have received significant interest from prospective tenants in this outstanding location, and the building is now 75% leased, with the additional 25% under active negotiation.  We look forward to welcoming ICP to our growing list of high-quality tenants at 30 West 21st Street."

"In just 15 years, we have grown ICP from an entrepreneurial venture to a recognized force in its industry: a skilled and distinguished creator, marketer and distributor of some of the world's finest luxury fragrance and skincare brands," said Emmanuel Saujet, Chief Executive Officer of ICP.  "With our move to 30 West 21st Street in Manhattan, we now have a home that reflects not only our luxury orientation, but also our modernity and vigor.  The space provides an ideal launching pad for continued expansion in the U.S. and elsewhere."

30 West 21st Street, located between 5th and 6th Avenues in New York City's Flatiron District, is a 12-story luxury office building featuring an array of boutique-style amenities, including light and air on three sides, 10.5- to 13.5-foot ceilings and a private, landscaped garden.  For more about 30 West 21st Street, visit www.30west21st.com.

Nora Stats and Daniel Creighton of Tarter Stats O'Toole represented Beck Street Capital and Anthony LoPresti of CBRE represented ICP in the lease transaction.  "We are pleased to have facilitated a match between one of the world's most important luxury fragrance and cosmetics companies and one of the most attractive, luxury office locations in New York City," said Stats.

Based in New York City, ICP is an exclusive creator and marketer of luxury fragrance and skin care brands crafted in France for elite, niche distribution in the U.S., Canada and Puerto Rico.  ICP brands include CREED royal fragrances (www.creedboutique.com), Hanae Mori Parfums (www.hanaemoriparfums.com) and luxury skin care products from the clinic of world renowned plastic surgeon Dr. Ivo Pitanguy (www.brazilskin.com) sold under the Beauty by Clinica Ivo Pitanguy name.

About Beck Street Capital

Beck Street Capital is a private real estate investment firm headquartered in New York City.  Formed in 2000, Beck Street Capital invests in high value-added, mixed-use investment properties in dense urban locations with high barriers to entry.  Beck Street invests in a number of asset classes, including office, residential and retail, and has successfully completed value creation strategies that include retail repositioning, residential condominium conversion, and asset redevelopment.  For more about Beck Street, visit www.beckstreetcapital.com.

SOURCE Beck Street Capital

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