Lease Beat

Western Union Signs Direct Deal for its Space at 199 Water

199 Water Street

Western Union, which currently leases a 29th floor space at 199 Water Street as a subtenant of Wells Fargo, will now lease it directly from landlord Jack Resnick & Sons, Commercial Observer has learned. 

The worldwide global payment services company’s new 10-year direct lease of 20,689 square feet in the 1.1 million-square-foot lower Manhattan building will start on Jan. 1. Asking rents were in the high $40s per square foot. Read More

Lease Beat

Bevmax Office Centers Signs Lease at 485 Madison

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Office space provider Bevmax Office Centers has signed a 10-year, 15,736-square-foot lease at Jack Resnick & Sons485 Madison Avenue.

“The Resnick organization is one of the premier landlords and has a reputation for running extraordinarily well-managed and premier properties,” Rick Feld, the president of Bevmax, told Commercial Observer. “Not every landlord in New York meets that standard.” Read More

Lease Beat

Allied World Assurance Company Renews at 199 Water Street

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Allied World AssuranceCompany has renewed and expanded  its lease in lower Manhattan.

The subsidiary of the Swiss-based Allied World Assurance Company will continue to operate its New York office out of the Jack Resnick & Sons-owned 199 Water Street, otherwise known as One Seaport Plaza. The deal changes its its sub-lease on the 24th and 25th floors to a direct lease at the beginning of 2015 and adds the 23rd and 26th floor, totaling 143,297-square-foot in the building.  Read More

Lease Beat

BMCC Inks Long-Term Renewal at 255 Greenwich Street

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The Borough of Manhattan Community College has signed a 20-year, 167,027-square-foot renewal at Jack Resnick & Sons255 Greenwich Street.

The school, part of the City University of New York system, has been a tenant in the building for a decade and will remain on the entire second and entire 10th through 14th floors.

Read More

Lease Beat

Universal Music Group Inks Renewal at 1755 Broadway

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Despite having five years left on its current lease, Universal Music Group has signed 10-year renewal for its 242,505-square-foot space on floors two through eight at Jack Resnick & Sons1755 Broadway, The Commercial Observer has learned. The music publishing company’s lease agreement for the entire office portion of the mixed-use building now extends through 2028. Read More

Lease Beat

NYPL’s 58th Street Branch Renews

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The New York Public Library’s 58th Street Branch has signed a 15-year renewal at Jack Resnick & Sons110 East 59th Street, where it has been located since 1969. Asking rent for retail space in the building is $200 per square foot.

“The New York Public Library is an important neighborhood asset,” said Bert Resnick, chairman and chief executive officer of Jack Resnick & Sons, in a prepared statement. “We are delighted to be able to extend their lease for many years to come.” Read More

Lease Beat

199 Water Street Approaches Full Occupancy Post-Sandy

Two leases announced last week have brought 199 Water Street, which was battered last year by Hurricane Sandy, to 97 percent occupancy, with just the 34,792-square-foot 15th floor available at the 1.1-million-square-foot Jack Resnick & Sons property.

The largest of the transactions was NYCHSRO/MedReview Inc.’s 10-year lease for the entire 36,985-square-foot 27th floor. The tenant, a nonprofit medical organization, has been a longtime subtenant in the building but recently signed a direct lease, effective January 1, 2015.

In a new lease, The WeissComm Group has secured the entire 35,454-square-foot 14th floor at 199 Water Street. The public relations agency, which specializes in the healthcare, consumer products and biotech industries, will be relocating downtown from 114 Fifth Avenue. Read More

Lease Beat

Surgeon Signs Lease at 485 Madison Avenue

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David B. Samadi, M.D., chief of robotics and minimal invasive surgery at Mount Sinai School of Medicine, has signed a lease for 8,179 square feet on the 21st floor of Jack Resnick & Sons485 Madison Avenue. Asking rent in the building is $54 per square foot.

Dr. Samadi, a urologic surgeon trained in oncology and robotic surgery, performed the first robotic prostate cancer surgery at Columbia Presbyterian Hospital and has performed over 3,800 prostate surgeries. Dr. Samadi has made a number of television appearances, including as a member of the Fox Medical A-team panel, and will use the 485 Madison Avenue office for patient consultations. Read More

Lease Beat

Lenox Hill Hospital/North Shore-LIJ Renews at 110 East 59th Street

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Lenox Hill Hospital/North Shore-Long Island Jewish Health System has signed a 15-year renewal for 70,434 square feet at 110 East 59th Street. Asking rents were in the $70s.

“They had a lease that had a little bit of term left to go, but they want to do some work in the space, so they just wanted to put a little bit more term on the lease,” Dennis Brady, executive managing director at Jack Resnick & Sons, the landlord, told The Commercial Observer. Read More

Assignments

C&W Tapped as Exclusive Leasing Agent for 199 Water Street

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Jack Resnick & Sons has selected Cushman & Wakefield as the exclusive leasing agent for One Seaport Plaza at 199 Water Street, it was announced today.

A C&W team comprised of John Cefaly, Andrew Peretz, Robert Constable, Gregory Scott, Joseph Harkins and Courtney Adham will work alongside Resnick’s leasing team, led by Brett Greenberg and Dennis Brady. Read More

Hudson Square

Hip To Be Square: Only Thing Slowing Leasing Activity in Hudson Square is Lack of Space

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Perhaps better known as the gateway to the Holland Tunnel, the burgeoning Midtown South submarket Hudson Square has, in recent years, begun to attract the type of creative tenants that in previous years flocked to neighboring Chelsea and NoMad.

Dominated largely by Trinity Real Estate, with its centuries-old real estate tradition, the market’s other owners have started to cater their properties to an exciting new breed of tenant, and a neighborhood improvement plan is not far behind. Read More

Univision Renews, Expands at 485 Madison Avenue, Now Fully Occupied

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Univision renewed a long-term lease and expanded by 5,500 square feet at 485 Madison Avenue, giving the broadcaster a 21,234-square-foot presence there and pushing the building to 100-percent occupancy.

America’s largest Spanish-language radio company now leases the entire third floor and part of the second floor of the Jack Resnick & Sons-owned building on Madison Avenue at 52nd Street. Dennis P. Brady and Fran Delgorio represented Jack Resnick & Sons in-house. Michael Gottlieb and Martin Cottingham of Avison Young represented the tenant. Read More

Lease Beat

City of New York Stays Put at 75 Park Place

75 Park Place.

On the heels of its lease renewal at nearby 100 Church Street, the City of New York has re-upped for 207,812 square feet at 75 Park Place, a 14-story, 625,000-square-foot Jack Resnick & Sons building.

The space the city renewed for is used by the Office of Management and Budget, the Office of the Actuary Read More

Lease Beat

Clothier Takes Last Space at Resnick’s 200 Chambers

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Swedish retailer Polarn O. Pyret, the elite children’s clothing chain, has signed a lease for its first store in Manhattan. The 32-year-old brand, which has over 130 stores in Europe, leased 2,583 square feet in the last remaining commercial units at the Jack Resnick & Sons-owned 200 Chambers Street in lower Manhattan, brokers involved with the deal said. Read More