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Deals & Dealmakers

GFP Real Estate Signs Eight New Leases Totaling 13,291 SF at 209 W. 38th St.

 GFP Real Estate, LLC is pleased to announce it has signed eight lease transactions totaling 13,291 square feet at 209 West 38th St.  

Mathew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in each of the transactions below.

“209 W 38th Street remains a hub for fashion and accessory designers and wholesalers, who prefer the building’s loft-like interiors and oversized windows,” said Mandell.  “Over the past several months we’ve seen a lot of fashion tenants relocating and rightsizing to larger spaces.”

·      209 Group Inc. signed a five-year lease extension for 4,603 square feet on the fourth floor.  The new lease includes the addition of 2000 square feet; the clothing wholesaler currently occupies 2,603 square feet on the fourth floor.  Mathew Mandell of GFP Real Estate represented the tenant in this direct transaction.

·      Jesco Footwear Group, Inc., signed a five-year lease for 2,475 square feet on the eleventh floor.  Michael Gammal of Swift Retail Advisors the tenant, which will use the space as a showroom and for its general offices.

·      Parke & Ronen (PR Design Co, Inc.), a contemporary men’s fashion consumer brand that produces swim and ready-to-wear collections, signed a three-year lease for 1,685 square feet on the 10th floor.  Mathew Mandell of GFP Real Estate represented the tenant, which will use the space as a showroom and for its general offices, in this direct transaction.

·      Le Styles, Inc., wholesalers and importers of women’s regular and plus-sized clothing, signed a five-year lease for 830 square feet on the fifth floor.  Evan Lieberman of Resolution Real Estate represented the tenant, which will use the space as a showroom and for its general offices.

·      Clarisee Inc., which specializes in the design, manufacture and world-wide distribution of evening gowns for formal and social affairs, pageants and proms, signed a two-year lease for 814 square feet on the 12th floor.  Isabella Isayev of Oxford Property Group represented the tenant.

·      Amanda Pearl LLC, a small, women run, New York City based accessories company known for sustainably and ethically made jewelry that is designed to empower, signed a three-year lease extension for 967 square feet on the 10th floor of the building.  Mathew Mandell of GFP Real Estaterepresented the tenant, which will use the space as a showroom and for its general offices, in this direct transaction.

·      Good Choice Shoes Corp., a NYC-based, family-owned women’s shoe brand, signed a two-year lease for 950 square feet on the third floor. Mathew Mandell of GFP Real Estate represented the tenant, which will use the space as a showroom and for its general offices.

·      Bara Thiam Style LLC, a designer and manufacturer of women’s clothing, signed a three-year lease for 967 square feet on the 11th floor.  Evan Lieberman of Resolution Real Estate represented the tenant, which will use the space as a showroom and for its general offices.

Built in 1910 under the supervision of the architect Frank J. Helmle, 209 West 38th Street is a 12-story, 160,000-square-foot office building that is home to a number of big-name fashion tenants, while the base of the building features the iconic Ben’s Kosher Delicatessen.  Located in the renowned Garment District, the building is close to many subway lines as well as a variety of amenities.

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