Kaltex, a Mexico-based producer of various textiles, including fabrics, yarns, garments, and home products, has expanded its presence at the Empire State Building in a long-term lease expansion of nearly 42,000 square feet. The company will now call the entire 70th floor – and part of the 71st floor – its North American headquarters.
Kaltex has a global footprint, with offices across Central and Latin America, and Europe. The deal at the Empire State Building consolidates additional office locations in Manhattan and increases its stake in the iconic, LEED Gold-certified tower from 6000 square feet. Asking rents for the Kaltex space were approximately $55 per square foot.
Nearly 2/3 of the 2.9 million square feet at the Empire State Building is currently leased as Malkin Properties continues its efforts to become a publicly traded company, and wraps up a $550 million retrofit program that included refurbishing all 6500 of its windows and modernizing all 68 elevators.