Lease Beat

Dentsu Takes Additional Floor at 32 Avenue of the Americas

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The American arm of Tokyo-based advertising giant Dentsu, Inc. has signed a 10-year lease for an additional 36,845 square feet across the entire 20th floor at 32 Avenue of the Americas, sources tell The Commercial Observer.

The expansion brings Dentsu’s occupancy to almost 220,000 square feet at the 27-story Tribeca skyscraper, following what sources described as Read More

Power Broker

The Storm Chaser: Alexander Chudnoff on Post-Sandy NYC Recovery Efforts

Alex Chudnoff.

Alexander Chudnoff, a commercial leasing broker who takes pride in strengthening relationships with clients through “impeccable service,” was especially busy in the aftermath of Hurricane Sandy.

The Jones Lang LaSalle executive managing director was dividing his time last week between volunteer efforts in the Rockaways, where he provided hot pizza and coffee to storm victims, and getting on the phone to make sure his Downtown Manhattan clients could stay open. Though it was a difficult time, the activity of making connections was just what attracted Mr. Chudnoff to the business in the first place.

“I love to make calls. I love to canvass,” he said. “I like to develop the relationship.”

In some cases, the storm required short-term arrangements, such as lining up space with other clients or in Jones Lang’s own offices, he said. In others, clients were able to proceed with minimal disruption, as when Dentsu Holdings USA returned to work at 32 Avenue of the Americas when Rudin Management opened the building the Monday after the storm. Read More

Lease Beat

Dentsu America Grows to 183,000 sq. ft in TriBeCa

A View of the Current Dentsu Office (courtesy of www.dentsuamerica.com)

Dentsu Network, a subsidiary of Tokyo-based Dentsu Inc., has agreed to tack on 33,000 square feet of office space to its current foothold in 32 Avenue of the Americas, bringing its total tally to 183,000 square feet, it was announced today.

The company will be taking the entire 25th floor and a portion of the 24th floor in the 29-story office building, which is owned by Rudin Family Holdings. 

Alex Chudnoff and Scott Vinett of Jones Lang LaSalle represented Dentsu Network in the deal.  Robert Steinman, a vice president at Rudin Management Company, represented the landlord in-house. Read More