Moda Operandi Secures Lease at Pearl Building for New Distribution Center
Deal News | May 01, 2025 | Davis Cos/The
The Davis Companies has announced a new lease with luxury fashion retailer Moda Operandi for a 30,000 square-foot distribution center at the Pearl Building, an industrial property in Queens, New York. The Pearl Building recently underwent significant upgrades, including enhanced loading facilities and upgraded interior, to attract premier tenants seeking access to the New York Metro area. Moda Operandi's expansion aims to enhance distribution efficiency and capitalize on the site's proximity to key urban centers. This move is aligned with Moda Operandi's vision to optimize luxury fashion logistics for an affluent client base. Other tenants at the Pearl Building include FLY E-BIKE and Stronghold East LLC, with additional space still available in the recently refurbished property. Representation for the transaction included Cushman & Wakefield for Davis and JLL for Moda Operandi.
Sectors
- Real Estate
- Retail - Fashion
- Logistics & Distribution
Geography
- United States – The events discussed in the article take place in Queens, New York, which is in the United States.
- New York – The Pearl Building is located in Queens, a borough of New York City, serving as a strategic logistics hub.
Industry
- Real Estate – The article discusses leasing agreements and property renovations related to the Pearl Building in Queens, New York.
- Retail - Fashion – Moda Operandi, a luxury online fashion retailer, is expanding its distribution capabilities in the New York region.
- Logistics & Distribution – The Pearl Building is utilized as a distribution center by Moda Operandi, enhancing its logistical capabilities in the region.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Davis Companies | Owner / Lessor | Company | The real estate company that owns and manages the Pearl Building. |
| Moda Operandi | Lessee / Tenant | Company | A luxury fashion retailer that has leased space in the Pearl Building for a distribution center. |
| Cushman & Wakefield | Real Estate Broker for The Davis Companies | Company | A global real estate services firm representing The Davis Companies in the lease agreement. |
| JLL | Real Estate Broker for Moda Operandi | Company | A professional services firm specializing in real estate and investment management, representing Moda Operandi in this transaction. |
| FLY E-BIKE | Tenant | Company | A company that occupies space in the Pearl Building for electric bike distribution. |
| Stronghold East LLC | Tenant | Company | A third-party logistics provider for medical supply distribution, occupying space in the Pearl Building. |