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Adams & Co. lease 10,500 s/f at West 36th St.

New York, NY – New York-based brokerage firm, Adams & Co. Real Estate, has recently negotiated a renewal and expansion for Loyaltex Fashion Inc., a leader in the sportswear industry. The company renewed its preexisting lease for 5,250 sq. ft. on the ninth floor, and is taking an additional 5,250 sq. ft. on the eighth floor, totaling 10,500 sq. ft. of office and showroom space at 135 West 36th Street. . According to Alan Bonett, managing director of Adams & Company, who represented the tenant three years ago in its original lease for the ninth floor space and negotiated the current lease, Loyaltex signed a new 10-year lease for the two contiguous floors. The asking price had been $24 per sq. ft. Fashion Tower Reality Inc. represented the landlord in the transaction. Loyaltex is managing their own renovations, which include installing an internal staircase connecting the two floors as well as building out office and showroom space.
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