Lease Beat

757third

Sister Companies Expand at 757 Third Avenue

Sister companies Aerotek and TEKsystems have signed 10-year leases for 13,551 square feet and 15,115 square feet, respectively, at RFR Realty’s 757 Third Avenue, it was announced today. Asking rents at the property range from the low $50s to low $60s per square foot and the total value of the transaction is over $16 million, according to a press release.

“The RFR team always works hard to provide the best services and amenities that attract and retain the best quality tenants,” said Aby Rosen, co-founder and principal at RFR, in a prepared statement. “That’s the secret of our success here and throughout the RFR portfolio.” Read More

Lease Beat

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Epiq Systems to Ink 100,000 SF Deal

Technology firm Epiq Systems is on the brink of signing a lease for roughly 100,000 square feet of office space at 685 Third AvenueThe Commercial Observer has learned.

A source familiar with the deal said it was slated to close towards the end of last week, but the deal had not closed by press time.

“A couple more days,” the source said. Read More

Building Expectations

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757 Third

Aby Rosen's Hidden Jewel

From the moment you walk through the doors of 757 Third Avenue, you know the building is different from the average, anonymous East Side office tower.

One of the lesser works of the monolithic Emery Roth & Sons—they of GM and Look and Pan Am buildings fame—757 Third is the typical wedding-cake office building. A banded obsidian glass curtain wall with those I-beam mullions, it is the sentinel we’ve seen before, cast ever so slightly anew in a thousand business districts the world over. Seagrams lite with a splash of Chase Manhattan.

That is why walking into, or really out of, 757 Third is such a dramatic experience. The 28-story building may have the nicest revolving doors in the entire city. Set into two curving, scythelike glass panels, the building’s egress does not really have an edge, and so when stepping out onto the street through those spinning doors, it is as though the building suddenly disappears. You have left the warm confines of this sleek building and are back on the cold New York City street. You might even stop to gasp at the trick if the door were not coming up behind you, about to deliver a smack in the toosh. Read More

Lease Beat

666 Third Avenue.

European Union Seeks Midtown Space

The European Union is poking around midtown’s east side for space and is in talks to do a roughly 50,000 square foot deal at 666 Third Avenue, several sources told The Commercial Observer.

The lease at 666 Third Avenue is not yet done, but a person close to the EU said the organization is considering two floors at the building. Read More