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Category Archive505 Eighth Avenue

Irish Bar Tailor’s Inn Opening 13K-SF Joint in Garment District

Tailor’s Inn, a new Irish restaurant and bar concept, will be taking 12,700 square feet at GFP Real Estate’s 505 Eighth Avenue, Commercial Observer.  

The owner of the establishment signed a lease to occupy a 2,100-square-foot section of the ground floor, 1,400 square feet in the basement and 9,200 square feet on the mezzanine level of the 25-story building, located on the corner of West 35th Street. It will open in the next few weeks, the landlord confirmed to CO. The terms of the deal were not immediately clear.

Allen Gurevich of GFP (formerly known as Newmark Holdings) handed the deal for the developer and the property manager.

CO could not immediately reach the owner of Tailor’s Inn and the bar did not have a broker in the transaction.

Another recent deal at the building, Jumpstart for Young Children, a national education nonprofit, renewed and expanded its space. The organization signed a 4,632-square-foot lease for a part of the third floor, moving from a 3,500-square-foot space on the 11th floor. Gurevich, who was the only broker in this deal as well, represented the landlord in-house.

“We are delighted that Tailor’s Inn and Jumpstart for Young Children are part of our strong tenant mix at 505 Eighth Avenue,” Gurevich said in a prepared statement. “It’s not surprising to see this kind of leasing momentum at the well-located property [which] offers a host of tenant amenities.”

Other existing tenants in the 275,000-square-foot building, which was built in 1926, include nonprofit Cicatelli Associates, management and consulting firm Greystone Management Solutions and Biddle Sawyer Corporation, a supplier of chemical products.  

Source: commercial

Contractor Gets New Garment District Digs at 253 West 35th Street

A drywall and ceiling contractor plans to pack up its offices and move them a few hundred feet east down 35th Street in the Garment District, Commercial Observer has learned.

Curtis Partition signed a 9,341-square-foot lease for the entire ninth floor of 253 West 35th Street between Seventh and Eighth Avenues, according to Adams & Co. Real Estate. The 10-year lease was signed last week, at an asking rent of $44 a square foot.

In October, the 50-year-old company will move down the block from the third floor of 505 Eighth Avenue at the corner of West 35th Street.

Alan Bonett and Bradley Cohn of Adams & Co. represented the landlord, Shulsky Properties, in the transaction. Michael Gottlieb and Joseph Gervino of Avison Young represented the tenant.

Curtis Partition needed a larger, more modern and efficient space to accommodate its growing number of employees and clientele,” said Bonett, said in prepared remarks.. It was important to Curtis Partition’s executive team that they remain in the Garment District, allowing the company to be easily accessible to the contractors and developers that they serve.”

The drywall firm has worked on several high-profile projects, including 1 World Trade Center, the Brooklyn Museum and the West 53rd Street branch of the New York Public Library.

Source: commercial