News: Brokerage

TrimWorld Inc. extends 11,063 s/f lease at 247 West 37th St.

Manhattan, NY According to GFP Real Estate, LLC, New York’s largest embroidery studio, Trimworld Inc., a WMBE-certified manufacturer specializing in custom embroidery on apparel, garments, accessory & travel bags, hospitality & home décor, has signed a five-year lease extension for its existing 11,063 s/f on the 11th floor of 247 West 37th St. 

Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in the transaction; Travis Egenberg of Norman Bobrow & Co. the tenant. Trimworld Inc., which first moved in to the building in 2011, will continue to use the space for its general and executive offices.

“We are excited to see Trimworld extend its lease at 247 West 38th St in the Garment District. They have been a great long-term tenant that has continued to grow in recent years,” said Matthew Mandell of GFP Real Estate.

247 West 37th St. was designed by the architectural firm of Gronenberg & Leuchtag and built by the Bricken Construction Company in 1924, and so was originally known as the Bricken Centre Building. The 19-story, 271,000 s/f property has recently undergone renovations. 

247 West 37th St. is home to an array of non-profit and fashion tenants such as JASA, Workmens Circle and The Settlement Housing Fund. Located in the base of the building is Stitch Bar & Lounge which was voted the best "After Work Bar" in New York City by Citysearch.com. Situated in the heart of the historic Garment District, the building allows for a convenient walk to nearly any amenity, and numerous transit options are blocks away, allowing for a hassle-free commute to or from the building.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking