Leases Out in Potential Double-Header Relo Deals by LVMH

The former Sony Building at 550 Madison Avenue, where asking rents are $190 per square foot, may be adding its third big block tenant following a major redevelopment. French luxury goods conglomerate LVMH has a lease out for 150,000 square feet at the building to relocate its U.S. headquarters; and simultaneously, has a lease out for 36,000 square feet at 6 E 57th Street to relocate its Louis Vuitton subsidiary. If the deal moves forward, LVMH and the fashion house will be relocating from 19 East 57th Street and 1 East 57th Street respectively.