Lease Beat

Lend Lease Takes 12K SF in Midtown for Specific Project

3 East 54th Street.

Lend Lease, a provider of construction services, has signed a five-year lease for 12,000 square feet of additional space in Midtown, Commercial Observer has learned.

Come December, the firm will occupy the majority of the third floor at 3 East 54th Street. The 200,000-square-foot building, which is between Madison and Fifth Avenues, was selected for its proximity to one of Lend Lease’s nearby projects, said Marc Horowitz of Cohen Brothers Realty, who represented the building’s ownership in-house. He declined to elaborate.  Read More

Lease Beat

HAP Investments Relocating to 3 East 54th Street

3 East 54th Street. (Credit: PropertyShark)

HAP Investments has signed a nine-and-a-half year lease for the entire 11,200-square-foot 15th floor of Cohen Brothers Realty Corporation’s 3 East 54th Street, Commercial Observer has learned. Asking rent for the space was in the low-$50s per square foot.

The tenant, a real estate investment and development company, expects to relocate its New York headquarters from 347 Fifth Avenue during the third quarter. HAP also operates an office in Tel Aviv, Israel. Read More

Lease Beat

Verigold Jewelry Moves US Office to 3 East 54th Street

Courtesy of Cohen Brothers

Verigold Jewelry will be moving to a new office in Midtown.

The jewelry trading company, previously located on the ninth floor of 501 Madison Avenue, will be moving to an 11,735-square-foot office at 3 East 54th Street. The company is a subsidiary of Mumbai-based Renaissance Group and designs, manufacturers, and sells diamond and gem jewelry. Read More

Lease Beat

Interior Designer Finds New HQ at 3 East 54th

3 East 54th Street

Charles Cohen hasn’t been showing his love for innovative design of late, but the developer can still appreciate a tenant with aesthetic flair.

Interior design firm the Switzer Group has leased the entire 14,500-square-foot seventh floor at 3 East 54th Street for its new corporate headquarters. While Mr. Cohen has publicly Read More