Liba Fabrics Lease Signed at 149 W 36th Street NYC
Liba Fabrics has solidified its New York operations with a new office agreement. The Liba Fabrics lease, located at 149 West 36th Street, comprises 4,000 square feet and represents a strategic consolidation move. This Liba Fabrics lease allows the company to maintain its roots in the Garment District while optimizing space for operational needs.
The deal represents a bit of a downsizing for Liba, which left its 7,500-square-foot office across the street at 132 West 36th Street for its new space at the building between Broadway and Seventh Avenue in May, Lee said.
Liba, which was founded in 1962, had been headquartered at 132 West 36th since 1988, as Commercial Observer previously reported.
“Liba Fabrics has been a staple of New York City’s textile industry for over 60 years, and it was a pleasure to secure the ideal office space to support their continued success,” Lee’s Woody King, who brokered the deal for the tenant, said in a statement. “149 West 36th Street offered exactly what they were looking for, a full- floor layout and an abundance of natural light.”
The asking rent was not provided, but a report from Colliers found office rents in Midtown averaged $79.12 per square foot in May.