The Commercial Observer » Lindsey Cherner

London-based Financial Services Training Company Renews at 55 Broad Street

Lindsey Cherner — Fri, 06 Jul 2012 09:00:31 -0400

7City Learning, Inc., a London-based global financial services training company, has renewed its lease for 7,500 square feet of space at 55 Broad Street in Lower Manhattan. Asking rents at 55 Broad Street are in the mid-$30 range.

55 Broad Street. (Courtesy CoStar)

Eugene Baumstein of Rudin Mangement, the leasing and managing agent for the property, represented the landlord in the 5-year lease. Oliver Petrovic of Vortex Group represented 7City Learning Inc.

The Rudin Family’s high-tech tower at 55 Broad Street offers 7City Learning the opportunity to remain in close proximity to the Financial District, something that was and still is very important to them, according to Mr. Petrovic.

“After looking at the midtown and downtown markets, we felt we were best off at our current location, particularly since we needed open space with no columns for our classrooms and that’s exactly what 55 Broad Street offered,” said 7City Learning’s U.S. chief operating officer, Charlie Hanover, in a prepared statement earlier this afternoon.

The global training company also has locations in Singapore and Dubai in addition to its New York headquarters at 55 Broad Street. The 30-story, 400,000 square foot office tower was also completely renovated and modernized in 1995 and updated to accommodate a wide range of video conferencing, internet access options and extensive capabilities.

Other notable tenants occupying the space include Starbucks, Polytechnic University and Carnegie Mellon. The building is currently 95 percent leased.

Superdry USA Takes Over Former Payless Shoe Source and Genesis

Lindsey Cherner — Tue, 26 Jun 2012 09:00:25 -0400

The hip streetwear brand, Superdry USA, will be opening its fourth city shop at 716 Lexington Avenue, taking over the former Payless Shoe Source and Genesis locations. They have targeted August as the store opening.

Superdry USA also has locations on 718 Broadway, 729 7th Avenue, and 199 Water Street.

Bert Dweck and Chris DeCrosta of Thor High Street represented Superdry USA in the deal, while RKF’s Ariel Schuster and Justin Fantasia represented Payless Shoe Source.

The sublease was set at five years from Payless Shoe Source for about $1,500,000 per year. The space was not priced out with a per square foot breakdown for the ground floor and second floor, according to Mr. Fantasia.

The retail store totaling 6,900 square feet is comprised of two floors and a lower level. The building is a coveted retail space for its all glass façade that provides a view from the street of both the ground and second floors. The location, on Lexington and near Bloomingdale’s, was also a deal maker for the store.

“The area surrounding Bloomingdales provides retailers with a unique mix of shoppers to draw from - local New Yorkers, nearby office workers, out of towners and international tourists can all be found on the streets with shopping bags in hand,” Mr. Fantasia said.

RKF believes the space will offer a unique opportunity for a Superdry USA to brand itself with the acquired frontage and street presence and the chance to occupy an entire building in the city.

Neighboring tenants include: Aerosoles, Geox, Sephora, Starbucks, Steve Madden, The Body Shop, and Victoria’s Secret.