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GFP Real Estate Inks Seven New Leases at 230 Fifth Ave. Totaling 16,201 SF

GFP Real Estate, LLC is pleased to announce seven new long-term lease transactions totaling 16,201 square feet at the Flatiron District’s 230 Fifth Ave., also known as the New York Market Center. The specialty showroom building is the New York hub of the Home Textiles Industry, home to over 140 luxury home fashion accessories companies.

GFP Real EstatePrincipal Jane Gural-Senders and Executive Managing Director Harvey Richer represented the landlord, GFP Real Estate, and the tenant in each of the direct lease transactions listed below.   

“230 Fifth Ave. continues to draw in New York City’s most premier home design companies, manufacturers and distributors from across the globe,” said Gural-Senders. “As one of the last remaining true showroom buildings in New York, 230 Fifth Ave. offers the ideal space for companies looking to showcase their home textiles, decorative accessories, home furnishings, architectural products, art and more to an international audience.”

·      Marvel Home Fashions, manufacturer and exporter of home and baby textiles made in India, signed a five-year lease for 1,999 square feet on the 10th floor. 

·      Arroya Studio LLC, a marketing and branding agency that offers wholesalers, manufactures and brand owners a modernized approach to the retail marketplace, signed a lease for 4,245 square feet on the 12th floor. 

·      LS Mills LTD, a textile manufacturer of high-quality fabrics, signed a new three-year lease for 967 square feet on the 19th floor.  The company, which previously leased 716 square feet on the 11thfloor.  

·      Reevooy Corporation, an end-to-end visibility platform offering tech-powered, quality-guaranteed supply chains for fashion and home décor companies, signed a new two-year lease for 870 square feet on the 2nd floor. 

·      Maisonette Tekstil, one of Turkey’s leading home textile brands, signed a five-year lease for 3,989 square feet on the 13th floor. 

·      Arkwright LLC, which produces and sells an assortment of wholesale towels, bath rugs, accent rugs, sheets, throws and comforter sets, signed a six-year lease for 1,867 square feet on the 16th floor, more than doubling its space within the building.  

·      Libeco Ligae, manufacturer of luxurious bed, kitchen & table linens, signed a five-year lease renewal for 2,264 square feet on the 13th floor.  

Built in 1914 and designed by the architectural firm of Schwartz & Gross, 230 Fifth Ave. is a 20-story, 465,000-square-foot Beaux Arts-style office building located in the heart of the Flatiron District in Midtown South. Acquired by GFP Real Estate in 1958, the building is home to over 140 showrooms featuring a diverse collection of product lines and categories, including home textiles, decorative accessories, home furnishings, architectural products, art, and more.  

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