Lease Beat

Meadows Office Furniture Relocates Manhattan Headquarters to Lipstick Building

Lipstick Building.

Meadows Office Furniture has relocated its Manhattan headquarters to the entire 29th floor of the Lipstick Building at 885 Third Avenue. The contract furniture provider has signed a 10-year lease for the 13,855-square-foot space, which offers views of Manhattan and the East River.

Asking rent per square-foot was $77, a figure in line with pricing of the two remaining full-floor spaces in the 90 percent leased building between $73 and $77 per square-foot, according to a recent statement. The availabilities include the 19,270-square-foot 17th floor and the 13,200-square-foot 28th floor. Read More

Lease Beat

Law Firm Suites Signs Sublease at 830 Third Avenue

Office space at 830 Third Avenue. (Law Firm Suites)

Law Firm Suites, an office space provider catering to law firms, has signed a 12,332-square-foot sublease from LeClairRyan at 830 Third Avenue. Asking rent for the deal, which lasts through November 2018, was $45 per square foot.

LeClairRyan, a corporate law and litigation firm, operates its New York headquarters from space at 885 Third Avenue. The firm moved from its original New York office at 830 Third Avenue following a merger. Read More

Lease Beat

Muriel Siebert, First Woman of Finance, Signs on New Floor at Lipstick Building

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Muriel Siebert, a woman who broke a big glass ceiling in finance, is moving up from the 19th to the 31st floor of 885 Third Avenue aka the Lipstick Building. Ms. Siebert’s firm, Muriel Siebert & Company, signed a new lease in the famed building, where it was one of the first tenants starting in  1986.

With this lease, the Lipstick Building reached 95 percent occupancy. And Ms. Siebert, who in 1967 became the first woman to own a seat on the New York Stock Exchange, will have room for her company to expand in pre-built space at the 34-story tower. Read More

Prebuilt Building Out in Manhattan

The ground floor business lounge at 747 Third Avenue. (photo courtesy of Regus)

Regus announced plans to expand its prebuilt office space footprint in Manhattan with four new locations slated for leasing in the coming year. The Luxembourg-based company has 60 such business centers in the tristate area, 26 of which are in New York City.

New locations include 23,000 square feet at 747 Third Avenue, two floors Read More

Lease Beat

Bernie Madoff Lipstick Building Office Filled

Courtesy of Sports Illustrated

Bernie Madoff’s old office space is fast getting filled.

Goulston & Storrs, a law firm, just signed a deal for 19,270 square feet at 885 Third Avenue, taking the 34-story building’s entire 18th floor for rents in the $70s per square foot.

Scott Klau, who is part of an agency from the brokerage Newmark Grubb Knight Frank that handles deals Read More

Arts and Buildings

Philip Johnson Gets Exhibition at The Lipstick Building

philip-johnson with building hat

Famed architect Philip Johnson will get his own retrospective in the lobby of The Lipstick Building at 885 Third Avenue, whose distinct shape he helped design.

The exhibition will showcase 50 years of the architect’s work, which includes Mr. Johnson’s relationship to the Bauhaus arts movement and the history of the lipstick building. It will be curated by Hilary Lewis, who authored two books on Philip Johnson (Philip Johnson: The Architect in his Own Words and The Architecture of Philip Johnson), and the exhibit itself will be designed by Dan Shannon of the architecture firm Moed de Armas & Shannon.

Expect to see rare photographs of Mr. Johnson, along with his building designs and his sketches of the Lipstick Building before the building was constructed.  Read More

Lease Beat

Deutsche Bank Takes 50K in Brooklyn

4 MetroTech. (Courtesy Property Shark)

Deutsche Bank AG will be opening its first office in Downtown Brooklyn after it agreed to take 50,000 square feet at the JPMorgan Chase-owned 4 MetroTech Center, The Commercial Observer has learned. Read More