Turkish textile designer Zateks Dizayn is moving up in the
Garment District.
The Istabul-based entrepreneur has leased a new 1,700 s/f space at GFP Real Estate’s 209 West 38th Street to expand the New York division of his company Zateks Textiles Inc.
The relocation from a smaller space at 255 West 36th Street was arranged by Evan Lieberman of HSP Real Estate Group.
“Despite the uncertainty in the market, several
fashion-based companies are looking to stay in New York City, as well as expand
their footprints in the Garment District,” said Lieberman, who arranged two new
leases in the Garment District over the summer.
Hip-hop favorite Millennial/Gen Z signed a five-year deal for 1,000 s/f at 214 West 39th Street, and NYC Idol Apparel, a company that produces collections for Decode Activewear, took 1,500 s/f at at 226 West 37th Street.
“The lease terms may be shorter for the time being, but the
moves are happening faster, which I call ‘hyper-switching.’ This particular
transaction took only three weeks, from start to finish.”
Working with Lieberman on behalf of the tenants for the
three-year lease-term was Michael Dylan of Inceptum Inc. The landlord, GFP Real
Estate Group was represented inhouse by Matthew Mandell, Senior Managing
Director. Asking rent was $45 psf.
