Lease Beat

Wholesale Distributor Takes Space at 48 West 37

Adams

Marais, a wholesale distributor of ladies handbags and accessories, has signed a 10-year, 5,052-square-foot new lease at 48 West 37th Street.

The company, which asking rent was $39 per square foot, plans to use the space as general and executive offices as well as showroom space for their handbag and accessories company.

“Located in the Read More

Lease Beat

Hard Tail Extends Lease on 39th Street

231west39

Los Angeles-based clothier Hard Tail has signed a five-year extension to its 5,521-square-foot lease at 231 West 39th Street, known as the Contemporary Fashion Center, James Buslik, principal at Adams & Company, confirmed with The Commercial Observer. Asking rent was $40 per square foot.

“They liked the bright space–it was custom built for them,” Mr. Buslik said. Mr. Buslik, along with Jeff Buslik, also of Adams & Company, represented both the tenant and the landlord, 231/249 West 39 Street Associates, in the transaction. Read More

Lease Beat

Hudson Jeans Gets Down on More Space Like Wiz Khalifa

Wiz Khalifa

Kate Hudson, Taylor Swift, Selena Gomez, a consortium of post-college-aged women across the city – and real estate professionals looking to get down like Wiz Khalifa – will presumably be pleased to hear that Hudson Jeans has bulked up its space at 231 West 39th Street.

The apparel company, which supplies department stores across the city with its clothing, has signed a 10-year, 6,973-square-foot renewal, adding 2,700 square feet to its showroom, as it grows in popularity among celebrities – and the men and women who admire them.

“The building really looks like a 25- to 35-year-old, post-college, women’s closet… every brand you would see in a department store or out at a bar or club at night,” said Jeffrey Buslik of Adams & Co., who represented the tenant and the landlord in the transaction. Read More

Lease Beat

Point Zero Opens Showroom in New York

Courtesy of NYRej

Point Zero has inked a 2,821-square-foot transaction to open a showroom and office in the Garment District.

Point Zero signed a deal for a new space at 231 West 39th Street, or the building known as the Contemporary Fashion Center.

The Canadian manufacturer of chic fashion forward apparel for men, women and children will join several notable tenants including Stargate Apparel, Inc., Destino Vero Designs and Apparel LLC, and Between the Notes LLC. Read More

Lease Beat

Stargate Apparel To Stay at 231 West 39th

231 W. 39th St. (photo courtesy of Property Shark)

Stargate Apparel will continue to call 231 West 39th Street home.

With its seven-year lease for its 7,300 square foot space coming to an end, Stargate Apparel negotiated a deal with building owner, 231/249 West 39 Street Associates, to extend the lease for another seven years.

The company also got a bump in its square footage in the deal, increasing its space to 9,000 square feet at $35 per square foot. Read More