Resolution Real Estate leases three floors to fashion distributor Nancy Yang Fashion at 242 West 38th Street
Barry Bernstein, Executive Director/Leasing, Resolution Real Estate Partners LLCmember of NAI Global, entered into a 10-year lease at 242 West 38and High-end women’s clothing distributor street Nancy Yang Fashion, comprising 5,700 square feet spread over three floors. The distribution of space includes 2,500 square feet on the main floor, 1,300 square feet on the mezzanine and 1,900 square feet in the basement.
“We were able to meet the tenant’s long-term needs for mixed-use space at a time when buildings in this area are once again being leased,” Bernstein said. “While the types of businesses in this space have diversified over the past few years with technology companies, travel agencies and other industries, it’s great to have a leading apparel business here as well. .”
Mr. Bernstein represented the landlord, 242 West 38th Street LLC, and the tenant in connection with the transaction. The asking rent was $75 per square foot. Nancy Yang Fashion plans to move into the new space in the spring.
The recently renovated building has a new lobby, new elevator cabins, 24-hour access and a new facade.
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