Interior Building Services Renews 13,675 SF in Garment District

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Interior Building Services, a 22-year-old construction management and general contracting firm specializing in commercial interiors, has renewed its lease for the entire 12th floor at 247 West 37th Street.

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The company will remain in its 13,675-square-foot space in the building between Eighth and Ninth Avenues for 10 years. The asking rent was $42 per square foot, according to a spokeswoman for the Gural family’s Newmark Holdings, which owns the building.

Newmark Holdings’ Matthew Mandell represented the landlord in-house and Michael Morris of Newmark Grubb Knight Frank worked on behalf of Interior Building Services. Mandell didn’t respond to a request for comment via a spokeswoman.

“We investigated alternatives in the marketplace, but found that the Gural property presented the superior value from both qualitative and quantitative perspectives,” Morris said in prepared remarks via a spokeswoman. “The building renovations and ease of transaction completion made the determination to renew an easy decision.”

Other tenants in the18-story, 214,130-square-foot structure include Jewish Association Serving the Aged, Workmen’s Circle, The Journey Church’s administrative offices and the Stitch Bar & Lounge.