Power Broker

L&L’s Andrew Wiener Is Building With Legos

Andrew Weiner. (Adam Jones)

Andrew Wiener of L&L Holding Company has worked on high-profile Midtown South deals like Lego System’s new flagship at the former International Toy Center and Gawker Media’s 2015 planned relocation to 114 Fifth Avenue.

The director of leasing for the privately held owner, operator and property manager, Mr. Wiener partners with veteran David C. Berkey, and the duo, along with Samantha Fishbone, are tasked with leasing the firm’s 6.5-million-square-foot portfolio of Class A commercial office buildings primarily in Manhattan. Read More

Lease Beat

Ad Firm Omnicom Expands–Again–At 195 Broadway, Brings Total to 295,295 Square Feet

195 Broadway

The advertising agency Omnicom continued to build on its Lower Manhattan footprint by leasing an additional 26,414 square feet at 195 Broadway, The Commercial Observer has learned The firm now occupies 295,294 square feet in the 29-story, 1.1-million-square-foot tower, which is now 100 percent occupied.

Lee Feld of Feld Real Estate represented the tenant. David C. Berkey and Andrew Wiener represented the building owner, L&L Holding Company, in-house. Asking rent was $47 per square foot. Read More

Lease Beat

WeWork Leases 120,537 Square Feet at 222 Broadway, Builds Momentum of “Downtown North”

222 Broadway.

The collaborative workspace provider WeWork signed a 16-year, 120,537-square-foot lease at 222 Broadway, The Commercial Observer has learned.

David Berkey and Andrew Wiener represented the building owner L&L Holding Company in-house. Mark Lapidus of WeWork and Sean Black of Jones Lang LaSalle represented the tenant. Asking rents at 222 Broadway are in the mid-$50 per square foot range.

WeWork typically provides communal office space to tech and new media companies, making the lease another sign of Lower Manhattan’s growing appeal to that type of firm. Mr. Berkey was quick to point out that tech and media tenants are “nothing new” in the neighborhood.

“I’ve been telling whoever will listen that for two years now we’ve seen nothing but this kind of tenant here and at [L&L's] 195 Broadway,” Mr. Berkey said. “We haven’t seen financial services or law firm tenants. It’s not a new phenomenon by any stretch.” Read More

Lease Beat

Lego Signs Lease For Flagship At 200 Fifth Avenue, Store Will Cozy Up To Eataly

2005th

LEGO Systems has inked a 10-year lease for 7,703 square feet of retail space at 200 Fifth Avenue. The company behind the beloved children’s building blocks projects that the new flagship will open in January 2014, and in a building that for 75 years was known as the International Toy Center before L&L Holdings bought it in 2009, the New York Post reported.

L&L’s David C. Berkey and Andrew Wiener represented the building in-house, while Cushman & Wakefield‘s Jonathan Scibilia and Andrew Kahn represented the toy tenant. Read More

Lease Beat

IMG Worldwide Does 30K S/F Deal At 200 Fifth Avenue

200 Fifth Avenue

IMG Worldwide has leased nearly 30,000 square feet at 200 Fifth Avenue, roughly half of the building’s seventh floor, for 15-years.

IMG is a media and marketing company involved primarily in television production and talent management. The company will be relocating to the space from the General Motors Building in Midtown. Read More