Lease Beat

Three New Leases Signed at 370 Lexington Avenue

370-lex

Sherwood Equities has signed three new tenants to deals at 370 Lexington Avenue, Commercial Observer has learned.

In the largest of the three deals, Virtusa Corporation, a global IT services company, has signed a five-year lease for 3,500 square feet on the 16th floor of the building. The Massachusetts based company will relocate from 230 Park Avenue. Read More

Lease Beat

Twenty Recruitment Group Relocating to 370 Lexington Avenue

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Twenty Recruitment Group has signed a four-year lease for 5,135 square feet on 26th floor at Sherwood Equities370 Lexington AvenueThe Commercial Observer has learned.

The tenant will pay rent starting in the low-$50s per square foot after a period of free rent, according to data from CompStak. Headquartered in London, Twenty Recruitment Group currently operates a New York office at 1140 Avenue of the Americas and expects to relocate by the middle of December.

Read More

Lease Beat

Phoenix Group Expands at 370 Lexington Avenue

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The Phoenix Group Advisors Inc. has renewed and expanded its office in Midtown.

The staffing agency will add an additional 1,000 square feet to their lease at Sherwood Equities370 Lexington Avenue. The firm previously occupied 2,500 square feet on the 10th floor of the building but will move in favor of a 3,500 square Read More

Lease Beat

Active Network Gets “Active” at 370 Lexington Avenue

370 Lexington Avenue (image courtesy of CoStar)

San Diego-based tech firm Active Network is consolidating its New York City operations while also doubling its office space at 370 Lexington Avenue, a 27-story office tower owned by Sherwood Equities.

Active Network will be taking the entire 25th floor, sized at a healthy 6,300 square feet, in the office building that caters to a variety of boutique tech, architecture and accounting firms. Read More

Lease Beat

Zucker’s Bagels is Coming to Midtown

Zucker's Bagels (Courtesy of Yelp)

Zucker’s Bagels & Smoked Fish is opening its second location in Sherwood Equities’ 370 Lexington Avenue.

Zucker’s is a Chamber Street favorite, but will soon be taking the 1,700 retail space  on the ground floor at the corner of the Lexington Avenue and 42nd Street. The lease will also include 800 square foot of underground storage area, bringing the total amount to 2,500 square feet.

“The space has high ceilings and has a great presence on the front of the building on Lexington Avenue,” Adam Weissleder, a senior leasing agent at Sherwood Equities, noted on the deal. Read More

Lease Beat

Grand Central BID Renews for Decade

The unofficial mayors of Grand Central have renewed their ground-floor space at 370 Lexington Avenue for another 10 years.

The Grand Central Partnership is one of the oldest and most powerful business improvement districts in the city, with more than 76 million square feet of some of the country’s most valuable commercial space under its Read More

Lease Beat

Sherwood Filling 370 Lex by Getting Small

370 Lexington Avenue

With all the partying in the Grand Central submarket over all the full-floor leases being signed, at least someone’s still looking out for the little guys.

Sherwood Equities has signed more than 100,000 square feet at 370 Lexington Avenue in the past year, totaling 43 transactions, Read More

Credit Analysts Double Space at Sherwood’s 370 Lex

370 Lexington Avenue

Credit Market Analysis Limited (CMA) doubled its space from 3,695 to 8,144 square feet at Sherwood Equities‘ 370 Lexington Avenue. CMA will move from the seventh floor to the second floor.

David Amsterdam and Rob Lowe of Cushman & Wakefield and Holly Duran and Lois Durkin of Holly Read More

10 Leases for 1st Quarter at 370 Lex

370 Lexington Avenue

Ten leases were signed in the first quarter at 370 Lexington Avenue, a 26-story office tower at 41st Street. The deals included seven new leases, from Adler & Co., Boyd Law Group, City Light Capital, HealthAce, Johnson Capital, retail store Nooi and Springtree Global Investors. Renewals included Hill Goodridge, Seeds of Peace Read More