Sales Beat

Blackstone Pays $165.7M for West 41st Street Office Building

114 West 41st Street.

Leon Charney‘s L.H. Charney & Associates has sold 114 West 41st Street in the Times Square area to Blackstone Real Estate Advisors for $165.7 million, property records indicate.

The 22-floor office building between West 40th and West 41st Streets and Broadway and Avenue of the Americas two years ago underwent a $7 million capital improvement program featuring a new retail façade and lobby, as Commercial Observer previously reported. Read More

Lease Beat

Advertising Firm SpotCo Signs Lease at 114 West 41st Street

114 West 44th Street

SpotCo has signed a lease at 114 West 41st Street, located between Broadway and 6th Avenue in the Garment District.

The entertainment and arts advertising firm, which is relocating from 512 7th Avenue, is taking 23,402 square feet in the 22-Story, 304,000-square-foot building, on floors 18 and part of 17.

“We are thrilled to have a space that will allow us to service the entertainment community in the most contemporary way possible,” said Drew Hodges, SpotCo’s CEO, in a prepared statement. Read More