GFP Real Estate signs three leases totaling 9,370 s/f at 247 West 37th St.
Manhattan, NY GFP Real Estate negotiated three recent lease transactions at 247 West 37th St., totaling 9,370 s/f across office and retail space at the Garment District property.
In the first transaction, AJC Trading Inc. signed a new 10-year, six-month lease for 3,472 s/f on the seventh floor. The company will utilize the space for general and executive offices as well as light manufacturing operations. Woody King of Lee & Associates NYC represented the tenant in the transaction.
In the second transaction, Sadie Nash Leadership Project Inc., a nonprofit organization focused on empowering young women and gender-expansive youth through leadership programs, signed a new 10-year lease for 3,366 s/f on the seventh floor. The space will be used for administrative offices and programming, and will include classroom areas, offices and workstations constructed as part of a turnkey installation provided by the landlord. Eshaan Gandhi of OPEN Impact Real Estate, a brokerage firm that specializing in advising nonprofit organizations on their real estate needs, represented Sadie Nash Leadership Project in its lease.
In the third transaction, Lauren Trimming, Inc., an accessories and trims supplier serving the fashion industry, signed a lease extension for its ground-floor retail store. The tenant occupies 2,532 s/f on the ground floor, 1,100 s/f on the mezzanine and 2,011 s/f in the basement, continuing its long-standing presence at the building. Matthew Mandell of GFP Real Estate represented the tenant in the direct lease.
Mandell of GFP represented the landlord, GFP Real Estate, in all three transactions.
“These leases reflect the continued strength of the Garment District as a hub for fashion, nonprofit and creative organizations,” said Mandell. “247 West 37th St. continues to appeal to tenants seeking flexible loft-style spaces in a centrally located building that supports both office and light production uses.”
Designed by the architectural firm Gronenberg & Leuchtag and completed in 1924, 247 West 37th St. spans 271,000 s/f across 19 stories. The historic property has undergone significant renovations in recent years, including upgraded elevators and a renovated lobby.
Located in the Garment District, the building is home to a diverse tenant roster spanning fashion, nonprofit and creative organizations. The property offers access to major transit lines, restaurants and retail amenities throughout Midtown.