The Kaufman Organization brokered a six-year, 8,363 s/f lease for Wiesner Products, Inc. at 132 West 36th Street, also known as the Kaufman Arcade building.
The new space on the sixth floor will serve as a showroom for Wiesner’s products and include dedicated office space for its administrative staff.
Founded by Jack Mizrahi as a footwear business in 1971, Wiesner Products has evolved into a global conglomerate and an industry leader in the design, marketing, sourcing and distribution of footwear, hosiery, accessories, and apparel and home goods.
Today, the family-run, privately-held fashion house represents renowned brands like Marvel, Nickelodeon, Aerosoles and the Sharper Image through its worldwide retail partners. By 2001, the company experienced more than $100,000,000 in sales and presently, Wiesner is the fastest growing firm in the licensing sector.
“The Kaufman Arcade building has generated a significant amount of interest from top-tier fashion designers because it offers a blend of customizable space and value. The building’s open layouts appeal to chic tenants who wish to build-out their showrooms to reflect their brand identities and business models,” said Steven Kaufman, president of the Kaufman Organization.
Michael Heaner, partner at the Kaufman Organization added, “the sixth floor space at the Kaufman Arcade building was in turnkey condition which allowed for Wiesner to make a seamless transition. Executives were attracted to the fact that the company would be up-and-running in a very short time; there aren’t many landlords who can move that quickly.
Asking rents for the six-year lease were in the high-$40’s per-square-foot range. Kaufman, Barbara Raskob and Yvonne Chang of the Kaufman Organization represented the landlord, Kaufman Arcade Associates, L.P.; Mr. Heaner, also of the Kaufman Organization, represented Wiesner Products, Inc.
The Kaufman Arcade building—with an additional entrance at 139 West 35th Street—is a 12-story property that has become a destination for renowned fashion houses.
The Kaufman owned building counts renowned designers like Sachin & Babi, Carmen Marc Valvo and Donna Morgan as high-end garment tenants that have recently moved to the 190,050 s/f building.