8 W. 38th St., a 12-story, 120,000-sf building constructed in1913 for Franklin Simon & Co., was net leased by the W&JSloane Furniture Store in the 1960s. When the lease rolled over inApril 2001, Newmark & Co. Real Estate Inc. brokers RonaldZimmerman and Andrew H. Udis negotiated more than a dozen deals,nearly leasing up the Garment District property. Published askingrents for office space in the building range from $29.75 to $32 persf and building owner Fraglow Realty LLC, which moved itsheadquarters into the building last summer, is asking $55 per sffor ground-floor retail space at the property.

Recent deals include a 15,200-sf lease with graphics companyCopytone Visual Communications Inc., a 2,400-sf agreement withFrench auto manufacturer Renault International and an agreementwith Ambassador Books, which will occupy 2,800 sf. Other recentlysigned tenants include law firm Newman & Okun, P.C., ScepterPublishers, Inc., the not-for-profit Children's ScholarshipFoundation and Entrepreneur Media Inc.

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