Fabric Maker Expands into 17,000-SF Space

NEW YORK CITY
[IMGCAP(1)]LoyalTex Fashion is moving across the street from its current US headquarters into a larger space. The Kaufman Organization brokered a 10-year, 17,000-square-foot new lease at 132 W. 36th St. for LoyalTex, a lace and fabric company that wanted additional space for a showroom. The move puts it into a 190,050-square foot building where the tenants include designers Jenny Yoo Collection, Elle Bell, Liba Fabrics Corp. and Verragio. Steven Kaufman and Barbara Raskob of Kaufman represented the landlord in the transaction, while Alan Bonett of Adams & Co. represented the tenant. Terms were not disclosed, but the asking rent was $30 per square foot.

Cignature Realty Associates represented both the seller and buyer in the $6.35-million sale of a six-story multifamily elevator building in the heart of Chelsea at 315 W. 21st St. The seller, a long-term investor, and the buyer, an established real estate investment family, were not identified. “These types of rental properties are rare in New York City, especially in a coveted neighborhood such as Chelsea,” Cignature president Peter Vanderpool says in a release. “And, at under $310 per square foot and with an average monthly rent of $1,000 per apartment, there is significant upside potential for the buyer.” Located between Eighth and Ninth avenues, the property features 36 apartments and totals nearly 20,500 square feet.

Chef Jesus Nunez has signed a 20-year lease for a 2,000-square-foot space that will house his first New York City restaurant, in an Argo Real Estate-managed brownstone at 141 W. 69th St. The tapas restaurant, to be known as Graffit, follows up the two world-famous eateries Nunez owns in his native Spain. Graffit will be housed in the former Levana Kosher Restaurant space between Columbus Avenue and Broadway. The 2,000-square-foot space, which will include a 75-seat restaurant and a back patio, will be completely renovated. Nunez has an option to lease an additional 1,000 square feet. The tenant was represented by David Gruber of Gruber Real Estate. Jason Pennington of Ripco Real Estate represented the landlord.