Lease Beat

Adams & Co. Renewing up a Storm at World’s Tower Building

110 West 40th Street

With nearly a quarter of the tenant leases set to expire this year at the World’s Tower Building south of Times Square, Adams & Co. principal David Levy and broker Brett Maslin have already inked renewals for 16 of the 28 terminating lessees in the past two to three months, Commercial Observer has learned.

The Adams & Co. officials have represented both the tenants and the building’s ownership partnership of more than 60 people in transactions totaling around 30,000 square feet at the 125,000-square-foot terra cotta structure at 110 West 40th Street, Mr. Maslin said. Read More

Lease Beat

Four New Leases and Renewals South of Times Square

110 West 40th Street

Adams & Co. Real Estate inked two renewals and two new leases totaling 5,998 square feet at the terra cotta World’s Tower Building at 110 West 40th Street one block west of Bryant Park between Avenue of the Americas and Broadway, Commercial Observer has learned.

The leases that range in length from three to eight years will keep Insight Investments and BLB Textiles onsite and move David Geller Associates and Pyramid Consulting Group into spaces of varying size within the 25-story, 125,000-square-foot structure that has 120 tenants, said Brett Maslin of Adams & Co. Read More

Lease Beat

Kobeyaki Takes Space on UES

215 East 86th Street

Fast-causal Japanese restaurant Kobeyaki will be coming to East 86th Street, Commercial Observer has learned.

Kobeyaki, which has a tagline of “rolls, bowls, burders & buns,” rented 1,700 square feet (plus a full basement) at 215 East 86th Street for a bit less than the $29,000-per-month asking rent, according to the lone broker in the deal, Rafe Evans of Walker, Malloy & Company. Read More

Lease Beat

Kobeyaki Coming to Garment District

Courtesy of NYMag

Kobeyaki will be opening a second location in Midtown.

The recently-opened Japanese restaurant located at 293 Seventh Avenue between 26th and 27th streets will be opening a new location at the base of 110 West 40th Street in the Garment District. The restaurant will span approximately 2,441 square feet. Read More