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Fabric Garden takes root on W39th.

Adams & Co. Real Estate recently brokered a seven-year, 4,911 s/f lease at 231 W. 39th for Fabric Garden Inc., a premier fabric store. The retail space will be used for the sale and display of fabrics and accessories.

James Buslik of Adams & Co. represented both the tenant and landlord in the transaction. Though details of the lease were undisclosed, the asking aggregate price is $1.5 million.

Built in 1908, the 12-story building is located between Penn Station, Times Square and Grand Central station. The property, also known as the Contemporary Fashion Center, is a fashion mecca, boasting over 100 different showrooms. Retail tenants include City Fabrics, Fabrics For Less, G&R Fabrics, Neon Fabrics and Steinlauf & Stoller.

"Fashion companies can strengthen their business by clustering together," said Buslik.

"This property, home to so many fantastic showrooms and fabric companies, draws droves of fashion buyers, making it the ideal location for Fabric Garden."
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Title Annotation:RETAIL
Publication:Real Estate Weekly
Date:Jul 25, 2007
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