Lease Beat

Legal Services Firm Inks Direct Garment District Expansion

450 Seventh Avenue

Court recording and legal services firm David Feldman Worldwide will expand from a subleased space at the Kaufman Organization‘s 450 Seventh Avenue through a five-year, 6,550-square-foot lease on the fifth floor of the building that’s one block north of Madison Square Garden between West 34th Street and West 35th Street, Commercial Observer has learned.

The landlords will accommodate the move by combining the company’s current 4,077-square-foot space with an adjacent unit at the building where asking rents run in the $50s. This shows the utility of the asset’s location, said Barbara Raskob, director of leasing for the Kaufman Organization. Read More

Lease Beat

EDM Americas Signs Lease at 450 Seventh Avenue

54120_Kaufman-450 seventh_opt

Document management specialist EDM Americas has signed a 3,135-square-foot lease at 450 Seventh Avenue, Commercial Observer has learned. The Midtown location will be the company’s first New York office.

“The tenant’s space is a very lovely unit with views to the south and east, probably the most desirable views in the building,” said Barbara Raskob of the Kaufman Organization, who represented the landlord. Read More

Lease Beat

Red Payments Renew at 132 West 36th Street

Courtesy of Kaufman Organization and CoStar

Red Payments has renewed its lease in Midtown, the Commercial Observer learned.

The merchant solutions and services firm will continue to operate out of its 16,213-square-foot office on the third floor of Kaufman Organization-owned 132 West 36th Street. The renewal extends through the next seven years. Read More

Lease Beat

Legacy Builders Takes Space at 519 Eighth Avenue

519 8th

The Kaufman Organization’s building at 519 Eighth Avenue is now 100-percent occupied after Legacy Builders inked an 11-year lease for 9,020 square feet at the property, Barbara Raskob, leasing director at Kaufman, told The Commercial Observer.  Asking rents were $34 per square foot.

The tenant, a contractor, will renovate the space to include offices and conference rooms, according to Ms. Raskob. “They needed more space than what they had,” she said. “They wanted the ability to build their own space, since it will serve as a sort of showroom for them.”

The building at 519 Eighth Avenue totals 355,000 square feet over 26 floors and was completed in 1927. The typical floor size is 16,000 square feet, according to the Kaufman Organization. Read More

Lease Beat

Cubic Transportation Grabs 10K 462 Seventh Avenue

Courtesy of Sparta Commercial

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. Read More

Lease Beat

Etna Consulting Stays at 450 Seventh Avenue

54120_Kaufman-450 seventh_opt

Etna Consulting Structural Engineering has renewed their lease in Midtown.

The private engineering firm will be relocating within the Kaufman Organization‘s 450 Seventh Avenue.

“[Etna Consulting] was on the 40th floor for a number of years,” explained Barbara Raskob, director of leasing at the Kaufman Organization. “We have a policy of converting floors above 29 Read More

Lease Beat

450 Seventh Avenue Welcomes Human Rights in China

Human Rights in China, Inc. is set to move to 450 Seventh Avenue.

The non-governmental organization will be moving their operations from the Empire State Building in favor of a 2,639-square-foot space inside of the  Kaufman Organization-owned 450 Seventh Avenue.

“They were leased out [of the Empire State Building] by an expanding tenant,” explained Barbara Read More

Lease Beat

Morstan General Agency Expands at 450 Seventh Avenue

Morstan General Agency has expanded their presence in Midtown, The Commercial Observerhas learned.

The general insurance agency that provides service to small and mid-size insurance brokers with expediency for certain carriers or risks will be renewing and expanding their office to 3,887 square feet at the Kaufman Organization-owned 450 Seventh Avenue.

“They originally came here Read More

Lease Beat

New York Real Estate Institute Expands at 132 West 36th Street

nyrei

The New York Real Estate Institute has locked up its own real estate for another eight years after it re-signed its lease to expand to 7,986 square feet at 132 West 36th Street.

NYREI, which offers courses in continuing education for a variety of real estate topics, will be expanding by an additional 1,470 square feet in its new lease. NYREI will now have the entire second floor in the 12-story building.

Steven Kaufman and Barbara Raskob of the Kaufman Organization represented both the landlord and the tenant in the lease deal.  The property is owned by Kaufman Arcade Associates, according to CoStar data.

Asking rent for the space were in the mid-$30s per-square-foot. Read More

Lease Beat

Konner Teitelbaum & Gallagher Content with 462 Seventh Ave, Re-Up for 10 Years

462 seventh avenue

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.
Read More

Lease Beat

Alcatel-Lucent Nabs Space At Nelson Tower

alcatel

Flush with a multi-million dollar contract from the Metropolitan Transportation Authority, French technology firm Alcatel-Lucent USA has inked a 5-year lease for an office space at The Nelson Tower.

The 5,436 square foot office at 450 Seventh Avenue, which is owned by The Kaufman Organization, will come complete with offices and a conference room, among other amenities. Barbara Raskob of The Kaufman Organization represented the landlord in-house. Read More

Lease Beat

Hermes’ Favorite Carpet Makers Relocate to 22 West 19th Street

22 West 19th Street (photo courtesy of CoStar)

Fort Street Studios, a bespoke carpet company that weaves fine silk carpets for clients like Hermes and Louis Vuitton, is moving from its Soho offices to 22 West 19th Street.

The company, which was founded by artists Janis Provisor and Brad Davis, is moving from its old offices on 578 Broadway to a 8,100 square foot space on the 5th floor of the Flatiron area building, which is managed by the Kaufman Organization. Fort Street Studios signed a 10-year lease in the deal, with an asking rent in the high $30s-a-square-foot.

Steven Kaufman and Barbara Raskob of the Kaufman Organization represented the landlord in the deal. Jim St. Andrew of Peter McCuen & Associates, Inc. represented Fort Street Studios.  Read More