Lease Beat

Fast Forward Renews, Expands Space in Garment District

10 West 33rd Street.

Fast Forward, a manufacturer of backpacks, lunch kits, beverage bottles, handbags and luggage, has renewed its lease at 10 West 33rd Street in the Garment District and has expanded its presence there.

According to a spokesman for Adams & Co., which brokered the deal, Fast Forward renewed its current 9,042-square-foot space and added 1,261 square feet. The company plans to use the new space for executive offices and a showroom. The entire space is on the seventh floor. Read More

Lease Beat

Textile Sales Agency Re-Signs Lease in Garment District

102 West 38th Street.

Paolo Blower International Textile Workshop, a company that offers Italian quality fabrics to American designers, has re-signed its lease at 102 West 38th Street in the Garment District.

The company, which according to office manager Marisa Frasca has been at the space since 1992, signed a lease for 4,698 square feet in a three-year lease renewal. It will continue to occupy the entire ninth floor of the nine-story building constructed in 1906. Asking rents were $41 per square foot. Read More

Lease Beat

Another Pret A Manger Comes to Bryant Park

1071 Avenue of the Americas.

Employees who work at the Bank of America Tower and around Bryant Park will soon have another lunch option; U.K. import Pret A Manger, the coffee and food-on-the-go spot that has popped up around Manhattan, has signed a deal at 4 Bryant Park.

In a new 15-year lease, the company will take 2,100 square feet on the ground level and 1,789 square feet in the basement at the property, which is also known as 1071 Avenue of the Americas. The building sits between West 40th and West 41st Streets. Read More

Lease Beat

Herald Square Building 100 Percent Leased to Childrenswear Companies


Five childrenswear companies have committed to a total of 5,296 square feet at 34 West 33rd Street, according to a press release issued by Adams & Co., the firm that represented the building in these transactions.

“We’re 100 percent committed to leasing only to childrenswear to create the go-to location for the childrenswear market in New York,” said David Levy, the principal of Adams & Co. “Right now, there are 45 childrenswear companies in the building and the building is 100 percent leased.” Read More

Lease Beat

Adams & Co. Renewing up a Storm at World’s Tower Building

110 West 40th Street

With nearly a quarter of the tenant leases set to expire this year at the World’s Tower Building south of Times Square, Adams & Co. principal David Levy and broker Brett Maslin have already inked renewals for 16 of the 28 terminating lessees in the past two to three months, Commercial Observer has learned.

The Adams & Co. officials have represented both the tenants and the building’s ownership partnership of more than 60 people in transactions totaling around 30,000 square feet at the 125,000-square-foot terra cotta structure at 110 West 40th Street, Mr. Maslin said. Read More

Lease Beat

Law Firm Signs For Midtown East Space

33 East 33rd Street

The Jerry M. Feeney residential real estate law firm will expand into a space in the southern section of Midtown East through a five-year, 5,850-square-foot sublease at Elk Investors33 East 33rd Street, Adams & Co. and ABS Partners Real Estate announced today.

The firm will move from 303 Fifth Avenue to a space vacated by the Converge Direct marketing company with asking rents of $48 per square foot, said Alan Bonett of Adams & Co. Read More

Lease Beat

MTA Contractors Take Garment District Space

102 West 38th Street

Transit signal system installation company TC Electric has occupied the fourth floor of a group of investors’ Garment District building at 102 West 38th Street between Avenue of the Americas and Broadway through a five-year, 4,800-square-foot lease, Commercial Observer has learned.

The College Point, Queens-based company opened a ready-made office in the 9-story building with asking rents of $41 per square foot this summer, said Jeff Buslik of Adams & Co. Read More

Lease Beat

Infant Wear Store Signs For Tribeca Storefront

104 Franklin Street

Infant clothing designer and manufacturer Egg by Susan Lazar moved into a retail storefront at 104 Franklin Street in Tribeca at the start of the month through an 11-year, 2,200-square-foot lease, Commercial Observer has learned.

The space formerly occupied by the sales office of a nearby residential property that has asking rents of $120 per square foot offered the designer a favorable location in a neighborhood where shoppers grew familiar with a former pop-up shop the clothing store operated in the area, said Brett Maslin of Adams & Co. Read More


Meet the City’s Top 10 Boutique Brokerages

Brett Maslin and David Levy

While the largest New York City real estate companies often command the biggest headlines, many firms with fewer than 10 brokers make big deals as well. Commercial Observer breaks down 10 of the smaller firms with large footprints in the city’s thriving commercial market. Read More

Lease Beat

Babyfair Renews in Garment District Showroom Space

34 West 33rd Street

Children’s wear company Babyfair signed a lease for five additional years starting after its current lease expires at the end of the year in its 9,820-square-foot showroom and office space on the 8th floor of Arcade Building Associates‘ 34 West 33rd Street property, Commercial Observer has learned.

The 12-floor structure, also known as the “Children’s Wear Building,” commands asking rents of $42 per square foot and features only tenants who make clothing for children and display it in showrooms for prospective retailers, said David Levy, the principal of Adams & Co. Read More

Lease Beat

Apparel Business Moves to 231 West 39th Street

231 West 39th Street.

GMC Mercantile Corp. has signed a new seven-year lease for a 9,153-square-foot portion of the sixth floor of 231 West 39th Street, Commercial Observer has learned.

The apparel business has relocated from 148 West 37th Street, according to Jeff Buslik of Adam & Co., who represented both the tenant and the landlord, 231/249 West 39 Street Associates, alongside his father, James Buslik. Asking rent for the space was $40 per square foot. Read More

Lease Beat

Jacobs Asset Management Renews, Expands at 11 East 26th Street

11 East 26th Street

Jacobs Asset Management has signed a six-year-four-month renewal and expansion at 11 East 26th Street, Commercial Observer has learned.

The financial services firm has renewed its existing 3,865-square-foot space on the 19th floor and expanded into a newly vacant and contiguous 2,137-square-foot space. Jacobs Asset Management has been a tenant in the building since 2010 and now occupies approximately half of the 19th floor. Read More

Lease Beat

Creative Agency Relocates to 42 West 39th Street

42 West 39th Street. (PropertyShark)

Creative agency 87AM has signed a two-year-10-month sublease from Perry Ellis at 42 West 39th Street, Commercial Observer has learned.

The tenant moved in to its new 10,092-square-foot space on the fourth floor of the building in April. 87AM had previously been based at 321 West 44th Street and in addition to New York, operates offices in Chicago, Las Vegas and Los Angeles. Read More

Lease Beat

Ellen DeGeneres’ New Brand Inks Lease at 121 East 24th Street

121 East 24th Street. (PropertyShark)

E.D., the newly launched lifestyle brand, has signed a five-year lease for the entire 5,186-square-foot 11th floor of 121 East 24th Street, Commercial Observer has learned.

The brand is a joint partnership between entertainer Ellen DeGeneres and J. Christopher Burch, the founder of C. Wonder and chief executive of Burch Creative Capital. E.D. will offer products in a number of categories, including home, ready-to-wear, accessories and pets, according to a press release announcing the brand’s launch. Read More