PRESS RELEASE: Avison Young arranges lease renewal for Liba Fabrics at 132 West 36th Street

PRESS RELEASE: Avison Young arranges lease renewal for Liba Fabrics at 132 West 36th Street 9 Feb 2021

7500-square-foot Midtown space to continue to serve as headquarters for international fabrics manufacturer

New York– Avison Young’s New York office has arranged a 7,500-square-foot lease renewal for Liba Fabrics, a leading manufacturer, converter and importer of fabrics, on the sixth floor at 132 West 36th Street, also known as the Kaufman Arcade building. The Midtown office space, located with Manhattan’s renowned Garment District, will continue to serve as the company headquarters for Liba Fabrics.

An Avison Young team comprised of Arthur Mirante, Principal and Tri-State President, and Dominic Perkaj, Associate, represented the tenant in the negotiations. Sam Stein of Kaufman Organization represented the building ownership.

“There’s still a demand for quality, well-located office space in New York City, even during these uncertain times,” notes Mirante. “Liba Fabrics wanted to extend their occupancy at 132 West 36th Street as the space continues to meet all of the company’s requirements. Avison Young was able to assist our client by negotiating a lease renewal with economically favorable terms and we’re pleased to announce the closing of this transaction.”

Liba Fabrics, established in 1962, is a leading manufacturer, converter and importer of fabrics in the USA used in a wide variety of trades. The company’s customer base is spread widely across North America and the world. Liba Fabrics also can ship anywhere in the world including shipments manufactured overseas to other overseas locations.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.

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