Heaner and Greenspan of Kaufman Organization handle 6,000 s/f for Zelda

The Kaufman Organization, the exclusive leasing agent for 260 West 39th St., recently secured a five-year, 6,000 s/f expansion lease for Zelda, a high-end women's clothing line sold in boutiques around the world. The landlord of the building will complete a design build for Zelda at no additional costs. This will include showrooms, offices, a design room, and a warehouse for the company. Zelda boasts modern and timeless fashion with an emphasis on fit, feminine designs, and the use of the finest fabrics. This boutique showroom building is also home to other recognized names in the industry such as, Philip Lim, Splendid, Tracy Reese, Ella Moss, Vienne Tam, and Carlos Falchi. Although the terms of the lease were undisclosed, the asking rent for the space was $35 per s/f. Michael Heaner and Grant Greenspan of the Kaufman Organization represented the tenant while Heaner represented the landlord in the transaction. Prior to their expansion, the brand formerly occupied 4,500 s/fof space at 499 Seventh Ave. "Zelda has been a client of ours for 15 years, and we're thrilled to be able to support their expansion plans," said Heaner. "The space at 260 West 39th Street is ideal for a growing fashion company." Built in 1927 and designed by Margon & Glaser, the 18-story building is located in the heart of the Garment District and is steps away from Times Square. The building is currently undergoing renovations which include a newly renovated lobby and elevators. It features 24-hour access, on-site security, on-site management and is in close proximity to Penn Station, The Port Authority and all major subway lines. The Kaufman Organization, with 100 years experience and 5.2 million square feet of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions.