Lease Beat

Charter Brokerage Moves Around in SL Green’s Portfolio

Charter Brokerage will be relocating its offices in New York.

The global trade company that helps clients with import, export, and drawback services has outgrown its office at SL Green Realty Corp.’s 317 Madison Avenue. The firm will relocate to another property in the landlord’s portfolio, trading in its 15,000-square-foot space at the older building for 26,000-square-feet at 125 Park Avenue

Steven Durels and David Kaufman of SL Green represented the landlord and are responsible for leasing across the portfolio. Charter Brokerage enlisted the help of CBRE‘s Michael Liss to represent them in the transaction. Neither party could be reached in time for publication.

125 Park Avenue.

125 Park Avenue. 

Asking rent for the building hovers in the mid $60s per square foot with Charter Brokerage’s asking rent at $65 per square foot for its space on the 18th floor. 

The deal comes in light of two recent transactions at the building for Pandora Media Inc., the popular music company that  took 52,450-square-foot for ten years, and Meister Seeling & Feina law firm that nearly doubled its space from its location at Grand Central into a 56,764-square-foot space across the seventh and eighth floors.

In 2008, the building underwent a capitalization program that upgraded many of its amenities including the construction of a new contemporary lobby with high ceilings and a restored, distinct terracotta facade to the exterior of the building. 

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