The property asset involved in this transaction is an office space located at 149 West 36th Street in Manhattan’s Garment District. The space encompasses 4,000 square feet and is part of a lease agreement involving the landlord and tenant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 149 West 36th Street
• Market: Garment District
• Landlord: The Frangene Company
• Tenant: David Visoky - Liba Fabrics
• Landlord's Representative: Kenneth Kronstadt - Newmark
• Tenant's Representative: Woody King - Lee & Associates

Liba Fabrics has downsized its office space from 7,500 square feet to the entire ninth floor at the new location, highlighting a strategic relocation within the same market area. The involvement of Kenneth Kronstadt from Newmark and Woody King from Lee & Associates as representatives indicates the professional engagement accompanying this lease transaction.