Denmark-based children’s clothier MOLO and fashion importer Fab Asia International extend leases in the Garment District
GFP Real Estate, LLC is pleased to announce it has signed two lease extensions at 209 West 38th St. totaling 2,769 square feet.
In the first transaction, Denmark-based children’s clothing brand MOLO, which produces certified organic clothing for children’s ages 0-16 described as “urban with funky, colorful designs,” signed a new lease for 1,869 square feet of showroom and office space on the tenth floor of the building.
MOLO, which has sales offices and showrooms stores in Italy, Germany, Netherlands, Belgium, France, US, Finland and Denmark, first moved into the building in 2020. Molo is sold in 42 countries around the world at more than 750 leading specialty stores and department stores including KaDeWe, Neiman Marcus, Galeries Lafayette, Le Bon Marché, La Rinascente, Harrods, Globus and Bergdorf Goodman. Mathew Mandell of GFP Real Estate represented the landlord and the tenant in the direct transaction.
In the second transaction, clothing importer Fab Asia International signed a lease extension for its 900 square feet of showroom and office space on the tenth floor of the building. Mathew Mandell of GFP Real Estate represented the landlord and the tenant in the direct transaction. Fab Asia International first moved into the building in 2022.
“We continue to see fashion-related companies extend their leases as they make plans for further growth,” said Mandell. “The Garment District is still the City’s leading destination for international companies looking to expand their reach stateside.”
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 several 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.
About GFP Real Estate, LLC
Committed to building a better New York since 1952, GFP Real Estate is a vertically integrated owner, operator, property manager and developer of commercial real estate in the New York metropolitan area. With over 56 buildings and more than 13.8 million square feet under ownership, GFPRE’s portfolio includes some of New York’s most iconic real estate assets.
