Nonprofit seed investor Echoing Green will move its headquarters one block east under a 10-year, 9,750-square-foot lease for the 13th floor of S.I.K. Associates‘ building under the Kaufman Organization‘s portfolio at 462 Seventh Avenue between West 35th and 36th Streets in the Garment District, the Wall Street Journal reported this morning.
The socially-conscious firm will move from its current home at 494 Eighth Avenue to the 23-story structure with a renovated lobby and Hale and Hearty Soups and Starbucks on the ground floor, a 185,000-square-foot building where office asking rents run in the high $40s per square foot, said Steve Kaufman, president of the Kaufman Organization.
Granite Telecommunications has signed a 10-year, 9,750-square-foot lease at 462 Seventh Avenue, Commercial Observer has learned. Asking rent for the space was $48 per square foot.
“Granite Telecommunications were in search for a customizable space in a central location, with easy access to mass transportation hubs. 462 Seventh Avenue affords executives the opportunity to recruit top talent from the Tri-State area,” said Barbara Raskob of the Kaufman Organization, who represented the landlord, in a prepared statement.
Ira Fishman is walking around his office with carpet and base molding samples in his hand. EVO Real Estate Group President Dana Moskowitz wants his input on the color scheme for the company’s new offices. He says Ms. Moskowitz has better taste than him, but she wants him to weigh in on the color scheme anyway. He is her father after all.
In the end, he agrees with Ms. Moskowitz: White walls and light gray tones (including gray base) with blue accents are the way to go. Read More
Mergers and Acquisitions
Come the end of April, EVO Real Estate Group will be operating out of bigger offices on the southeast corner of 40th Street and Broadway, in a move out of what was Winoker Realty‘s offices. The company is currently picking out its carpet and base molding colors.
The new 13,350-square-foot space, spanning the entire 20th floor of 1430 Broadway, was selected for a number of reasons. One is that EVO CEO Ira Fishman knew the building, having worked in it while at Newmark Knight Frank (which merged with Grubb and Ellis in 2012 and became Newmark Grubb Knight Frank) from 1994 to 1997. Also, the space, Mr. Fishman said, is “ideally laid out for us.”
Winoker Realty, acquired in February by a partnership of real estate principals, has been relaunched as EVO Real Estate Group, it was announced today.
“We wanted a fresh start and the name EVO comes from the word evolution,” Ira Fishman, chief executive officer, told The Commercial Observer “It is the evolution of the company.”
Cubic Transportations will relocate their regional offices to Midtown.
Cubic Transportation Systems will take a 9,750-square-foot space on the 14th floor of 462 Seventh Avenue as its United States East Coast regional office. The department is one of three under Cubic Corporation, standing next to Cubic Defense Systems and Cubic Mission Support Services.
Real estate law firm Konner Teitelbaum & Gallagher P.C. has renewed its lease for 9,750 square feet of space at 462 Seventh Avenue, it was announced earlier this week.
The company, which has been in the building for the past 10 years, will have its office repainted and carpeted. Asking rent in the 10-year lease renewal ranged between the high $30s to the low $40s per-square-foot.