News: Brokerage

Mandell of GFP Real Estate signs eight leases totaling 13,291 s/f at 209 West 38th St.

Manhattan, NY GFP Real Estate, LLC has signed eight lease transactions totaling 13,291 s/f at 209 West 38th St.

Mathew Mandell of GFP represented the landlord, GFP R.E., in each of the transactions.

• 209 Group Inc. signed a five-year lease extension for 4,603 s/f on the fourth floor. The new lease includes the addition of 2,000 s/f; the clothing wholesaler currently occupies 2,603 s/f on the fourth floor. Mandell represented the tenant in this direct transaction.

• Jesco Footwear Group, Inc., signed a five-year lease for 2,475 s/f on the eleventh floor. Michael Gammal of Swift Retail Advisors the tenant, which will use the space as a showroom and for its general offices.

• Parke & Ronen (PR Design Co, Inc.), a contemporary men’s fashion consumer brand that produces swim and ready-to-wear collections, signed a three-year lease for 1,685 s/f on the 10th floor. Mandell represented the tenant, which will use the space as a showroom and for its general offices, in this direct transaction.

• Le Styles, Inc., wholesalers and importers of women’s regular and plus-sized clothing, signed a five-year lease for 830 s/f on the fifth floor. Evan Lieberman of Resolution Real Estate represented the tenant, which will use the space as a showroom and for its general offices.

• Clarisee Inc., which specializes in the design, manufacture and world-wide distribution of evening gowns for formal and social affairs, pageants and proms, signed a two-year lease for 814 s/f on the 12th floor. Isabella Isayev of Oxford Property Group represented the tenant.

• Amanda Pearl LLC, a small, women run, New York City based accessories company known for sustainably and ethically made jewelry that is designed to empower, signed a three-year lease extension for 967 s/f on the 10th floor of the building. Mandell represented the tenant, which will use the space as a showroom and for its general offices, in this direct transaction.

• Good Choice Shoes Corp., a NYC-based, family-owned women’s shoe brand, signed a two-year lease for 950 s/f on the third floor. Mandell represented the tenant, which will use the space as a showroom and for its general offices.

• Bara Thiam Style LLC, a designer and manufacturer of women’s clothing, signed a three-year lease for 967 s/f on the 11th floor. Evan Lieberman of Resolution Real Estate represented the tenant, which will use the space as a showroom and for its general offices.

Built in 1910 under the supervision of the architect Frank Helmle, 209 West 38th St. is a 12-story, 160,000 s/f office building that is home to a number of fashion tenants, while the base of the building features Ben’s Kosher Delicatessen. Located in the Garment District, the building is close to many subway lines as well as a variety of amenities..

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,