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Komar Moving 500 To Jersey City In Q3 2015

(Filed Under wholesale Lingerie News). “We are moving to 90 Hudson Street in Jersey City,” Charles Komar, CEO of Komar, Inc. the giant sleepwear, loungewear and intimates firm, wrote BODY in an email message. According to published reports Komar currently employs almost 500 workers at three Manhattan locations: 183 Madison, 135 Madison and 16 East 34th Street.

“The decision to move was driven by the rising cost in New York City and our desire to create a special, inspiring and creative work place for our employees,” Komar added, noting “We plan to move third quarter 2015.”

Komar will occupy the seventh, eighth and ninth floors of a new building that sits on the very edge of the Hudson, directly across from Manhattan’s financial district. The new location provides about 159,000 square feet of space, about 9,000 more than the firm currently occupies.

According to a report in Crain’s, Komar received $37 million in tax credits from the state of New Jersey in a ten year incentive package that reduces its rents to $10 per square foot. Without the incentives, it said, the rents would have been “in the $30s per square foot.”

When asked if he plans to keep showrooms in the lingerie district in Manhattan, Komar answered, “I can confirm that we will have showrooms in Jersey City. We have not yet made a final decision if we will keep any space in New York City.”

On its website, Komar boasts “over 100 lifestyle brands and licenses.” These include such names in sleepwear as Ralph Lauren, Donna Karan, Betsey Johnson and Oscar de la Renta; and in intimates, Le Mystere, On Gossamer and Ellen Tracy.

According to Google Maps, while the distance by car to the new location from 183 Madison is under six miles, estimated travel time is 24 to 28 minutes by auto and 37 minutes by PATH train.

more wholesale Lingerie News >>

Published 12-03-2014 by -

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