Lease Beat

MTA Contractors Take Garment District Space

102 West 38th Street

Transit signal system installation company TC Electric has occupied the fourth floor of a group of investors’ Garment District building at 102 West 38th Street between Avenue of the Americas and Broadway through a five-year, 4,800-square-foot lease, Commercial Observer has learned.

The College Point, Queens-based company opened a ready-made office in the 9-story building with asking rents of $41 per square foot this summer, said Jeff Buslik of Adams & Co. Read More

Lease Beat

Apparel Business Moves to 231 West 39th Street

231 West 39th Street.

GMC Mercantile Corp. has signed a new seven-year lease for a 9,153-square-foot portion of the sixth floor of 231 West 39th Street, Commercial Observer has learned.

The apparel business has relocated from 148 West 37th Street, according to Jeff Buslik of Adam & Co., who represented both the tenant and the landlord, 231/249 West 39 Street Associates, alongside his father, James Buslik. Asking rent for the space was $40 per square foot. Read More

Lease Beat

Harris Publications Renews 48,000SF at 1115 Broadway

1115 Broadway

Harris Publications has signed a nine-year, 47,960-square-foot renewal lease at Eleven Fifteen Associates1115 Broadway, Commercial Observer has learned.

The lease covers two floors in the building, each measuring 23,980 square feet.

“They were longtime tenants and chose to renew early,” said Adams and Co.‘s James Buslik, who represented both parties with colleague and son Jeff Buslik. Read More

Lease Beat

Pucci International Takes 50,000SF at 44 West 18th Street

44 West 18th Street.

Pucci International has signed a 49,875-square-foot, 10-year lease renewal at Forty Four Eighteen Associates44 West 18th Street, Commercial Observer has learned.

The lease covers floors nine, 11 and 12–each measuring 16,625 square feet–the latter of which is the crowning piece of the furniture manufacturer’s newly renovated showroom. Read More

Lease Beat

C. Wonder Expands at 1115 Broadway

1115 Broadway

C. Wonder has signed an additional 8,835-square-foot lease at Adams & Company’s 1115 Broadway, bringing the firm’s total footprint in the building to 36,530 square feet.

The clothing, accessory and home décor company moved into the building nearly two years ago, taking 24,000 square feet at the time, and it is in talks to grab Read More

Lease Beat

Hard Tail Extends Lease on 39th Street

231 West 39th Street.

Los Angeles-based clothier Hard Tail has signed a five-year extension to its 5,521-square-foot lease at 231 West 39th Street, known as the Contemporary Fashion Center, James Buslik, principal at Adams & Company, confirmed with The Commercial Observer. Asking rent was $40 per square foot.

“They liked the bright space–it was custom built for them,” Mr. Buslik said. Mr. Buslik, along with Jeff Buslik, also of Adams & Company, represented both the tenant and the landlord, 231/249 West 39 Street Associates, in the transaction. Read More

Lease Beat

Taboola Relocates in the Flatiron District

Courtesy of Property Shark

TABOOLA, Inc. has inked a deal in the Flatiron District, it was announced last week.

The world’s leading content distribution and monetization platform will be moving into a 6,142-square-foot office at 44 West 18th Street to house the company’s general and executive offices. Its New York office is one of company’s three largest offices, the Read More

Lease Beat

Point Zero Opens Showroom in New York

Courtesy of NYRej

Point Zero has inked a 2,821-square-foot transaction to open a showroom and office in the Garment District.

Point Zero signed a deal for a new space at 231 West 39th Street, or the building known as the Contemporary Fashion Center.

The Canadian manufacturer of chic fashion forward apparel for men, women and children will join several notable tenants including Stargate Apparel, Inc., Destino Vero Designs and Apparel LLC, and Between the Notes LLC. Read More

Lease Beat

Winkleviis Vie Successfully for New Chelsea Office Space

The Winklevoss Brothers (and Precious) (photo by Clint Spaulding by Patrick McMullan)

Tyler and Cameron Winklevoss, the Harvard-educated twins who earned notoriety for their portrayal in the film “The Social Network,” have landed a Chelsea space for their new eponymous venture capital fund.

The twins, who rowed in the 2008 Summer Olympics in Beijing, inked a five-year lease at 30 W. 24th Street for their firm Winklevoss Capital, as was first reported by The New York Post

Asking rent in the deal was $39-a-square-foot. James Buslik and Alan Bonett of Adams & Co. represented Elizabeth Goffredo, the listed owner of 30 West 24th Street, according to CoStar data.  Read More

The Sit-Down

Like Father, Like Son: Jeff Buslik on Updating Adams & Co. for 21st Century

Jeff Buslik.

He admits he wants people to know him by his first name, not his last. But broker Jeff Buslik, the son of Adams & Company head James Buslik, is bringing youth and vigor to a brokerage firm (and family) that has been around in New York City for as long as The Helmsley Building. After he joined his dad’s firm in 2003, it took the now-32-year-old just three years to lease over 1 million square feet. Now a director at the firm, Mr. Buslik spoke to The Commercial Observer about Adams & Company’s new development: three exclusive leasing assignments at 5 West 37th Street, 385 Fifth Avenue and 390 Fifth Avenue, totaling 350,000 square feet of space.

Read More