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	<title>The Commercial Observer &#187; Engineering Firm Inks Space at 1001 Avenue of the Americas</title>
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		<title>The Commercial Observer &#187; Engineering Firm Inks Space at 1001 Avenue of the Americas</title>
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		<title>Engineering Firm Inks Space at 1001 Avenue of the Americas</title>

		<comments>http://commercialobserver.com/2012/08/engineering-firm-inks-space-at-1001-avenue-of-the-americas/#comments</comments>
		<pubDate>Mon, 13 Aug 2012 07:30:00 -0400</pubDate>
					<link>http://commercialobserver.com/2012/08/engineering-firm-inks-space-at-1001-avenue-of-the-americas/</link>
			<dc:creator>Carl Gaines</dc:creator>
				
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		<description><![CDATA[<p><strong>R.G. Vanderweil Engineers,</strong> an engineering consulting firm, has signed on for 8,715 square feet of space at <strong>1001 Avenue of the Americas.</strong> The lease is for a 10-year term and will see the firm, due to growth, relocate from <strong>499 Seventh Avenue.</strong></p>
<p><strong>Bret Varricchio</strong> and <strong>Garett Varricchio</strong> from <strong>Murray Hill Properties</strong> represented the tenant, while <strong>Douglas Regal,</strong> from <strong>ABS Partners Real Estate,</strong> represented the landlord.</p>
<p><div id="attachment_237887" class="wp-caption alignleft" style="width: 310px"><a href="http://www.commercialobserver.com/2012/08/engineering-firm-inks-space-at-1001-avenue-of-the-americas/1001-avenue-of-the-americas-3/" rel="attachment wp-att-237887"><img class="size-full wp-image-237887" title="1001 Avenue of the Americas" src="http://nyocommercialobserver.files.wordpress.com/2012/08/1001-avenue-of-the-americas2.jpg" alt="" width="300" height="400" /></a><p class="wp-caption-text">1001 Sixth Avenue.</p></div></p>
<p><!--more-->The firm will occupy the entire 21st floor of the building once its build out of the space is completed.</p>
<p>“It’s a very efficient floor plate and they loved the location—it’s right outside Bryant Park,” Bret Varricchio told <em>The Commercial Observer</em>. “And they have a lot of engineers coming in from Jersey so it was a great location for them, centrally located.” He added that the firm was doubling in size from its previous space—all part of the Boston-based outfit’s expansion of its New York operations.</p>
<p>Mr. Regal, a managing director at ABS Partners, said the asking rent it had out on the space was $44 a square foot, but that there were additional incentives.</p>
<p>“As part of the deal we had a capped amount that we would contribute toward their build out,” Mr. Regal said. “It was $45 bucks a foot. Depending upon what they decide finishes-wise to put in there, they may or may not decide to contribute on top of that.”</p>
<p>The previous tenant, <strong>Oxford Industries,</strong> was a four-floor tenant in the building. However, upon Oxford’s acquisition by<strong> Li &amp; Fung,</strong> the company consolidated into some of Li &amp; Fung’s space on Broadway, Mr. Regal said.</p>
<p>“It had an existing installation which was very antiquated that the ownership, upon receiving possession back from the previous tenant, demolished,” he said of the space. It was left in a white box condition for viewing purposes until it was leased.</p>
<p>With this most recent lease, the building now is largely occupied, save for penthouse space.</p>
<p><em>cgaines@observer.com</em></p>
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		<content:encoded><![CDATA[<p><strong>R.G. Vanderweil Engineers,</strong> an engineering consulting firm, has signed on for 8,715 square feet of space at <strong>1001 Avenue of the Americas.</strong> The lease is for a 10-year term and will see the firm, due to growth, relocate from <strong>499 Seventh Avenue.</strong></p>
<p><strong>Bret Varricchio</strong> and <strong>Garett Varricchio</strong> from <strong>Murray Hill Properties</strong> represented the tenant, while <strong>Douglas Regal,</strong> from <strong>ABS Partners Real Estate,</strong> represented the landlord.</p>
<p><div id="attachment_237887" class="wp-caption alignleft" style="width: 310px"><a href="http://www.commercialobserver.com/2012/08/engineering-firm-inks-space-at-1001-avenue-of-the-americas/1001-avenue-of-the-americas-3/" rel="attachment wp-att-237887"><img class="size-full wp-image-237887" title="1001 Avenue of the Americas" src="http://nyocommercialobserver.files.wordpress.com/2012/08/1001-avenue-of-the-americas2.jpg" alt="" width="300" height="400" /></a><p class="wp-caption-text">1001 Sixth Avenue.</p></div></p>
<p><!--more-->The firm will occupy the entire 21st floor of the building once its build out of the space is completed.</p>
<p>“It’s a very efficient floor plate and they loved the location—it’s right outside Bryant Park,” Bret Varricchio told <em>The Commercial Observer</em>. “And they have a lot of engineers coming in from Jersey so it was a great location for them, centrally located.” He added that the firm was doubling in size from its previous space—all part of the Boston-based outfit’s expansion of its New York operations.</p>
<p>Mr. Regal, a managing director at ABS Partners, said the asking rent it had out on the space was $44 a square foot, but that there were additional incentives.</p>
<p>“As part of the deal we had a capped amount that we would contribute toward their build out,” Mr. Regal said. “It was $45 bucks a foot. Depending upon what they decide finishes-wise to put in there, they may or may not decide to contribute on top of that.”</p>
<p>The previous tenant, <strong>Oxford Industries,</strong> was a four-floor tenant in the building. However, upon Oxford’s acquisition by<strong> Li &amp; Fung,</strong> the company consolidated into some of Li &amp; Fung’s space on Broadway, Mr. Regal said.</p>
<p>“It had an existing installation which was very antiquated that the ownership, upon receiving possession back from the previous tenant, demolished,” he said of the space. It was left in a white box condition for viewing purposes until it was leased.</p>
<p>With this most recent lease, the building now is largely occupied, save for penthouse space.</p>
<p><em>cgaines@observer.com</em></p>
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