Lease Beat

Towering Data Center Lands Another Tenant

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Co-location data center Windstream Corp. has reportedly signed an 11,000-square-foot, 15-year lease at Intergrate.Manhattan, a one-million-square-foot data center 375 Pearl Street.

Sabey Data Center Properties converted the property two years into the world’s tallest data center, and the lease brings the owner one step closer to achieving the goal of ushering in a new era Read More

Lease Beat

Huntsworth Health to Relocate Agency to 101 Sixth

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Huntsworth Health, a family of companies focused on the healthcare sector, has signed a 10-year, 15,600-square-foot lease for the entire 13th floor at Minskoff Equities101 Sixth Avenue, where asking rents are $70 per square foot.

The company’s evoke interaction agency, a healthcare marketing firm, will relocate from its 13,000-square-foot, two-floor space at 920 Broadway. The subsidiary, whose client roster includes Genentech and Pfizer, also operates offices in Philadelphia and Boston. Read More

data centers

Data Center Initiates First Phase Downtown

375 Pearl Street.

Intergate.Manhattan, a 1 million-square foot, high-rise data center at 375 Pearl Street has initiated its first phase, it was announced last week. Commissioned through Seattle-based Sabey Data Center Properties, the data center will ultimately accommodate 40 Megawatts of data center capacity over 600,000 square feet of floor space, according to a statement.

The 32-story facility is the largest data center in the world and includes new infrastructure, climate control and electrical systems. As of last week, Intergate.Manhattan began providing computing cycles to the New York Genome Center, the building’s first tenant, to support medical research.

Read More

Postings

Top Ten Biggest Office Leases of 2012

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Condé Nast and Interpublic Group were the gifts to New York that kept on giving, as the former added 138,773 square feet to the 1 million it inked last year at One World Trade Center and the latter blazed through a series of deals throughout the year, beginning with a whopping 220,359-square-foot transaction in October and ending with a smaller one last month.

In all, the city’s 10 biggest office leasing transaction were modest compared to 2011, when deals by Nomura Holding and Coach reached nearly 2 million square feet alone.

Still, a wave of transactions from a variety of business sectors—from government and education to legal, financial services and media—proved that, even during economic doldrums, bold can be beautiful.

After the jump, the 10 biggest office deals of 2012.

Editor’s Note: Renewals were not included in this list, nor were deals completed after Dec. 18, the date the final tally was published. Read More

Hudson Square

Trinity Real Estate, Hudson Square, Targeting Fashion Industry Tenants

Hudson Square/West Village.

The industrial vibe of Hudson Square has beckoned media and tech firms in recent years, including New York magazine, MTV and now the New York Genome Center.

Now, analysts predict that the next industry on the list for Trinity Church, the religious institution that controls much of the area’s property, will be fashion.

Trinity Real Estate brokers lured high-end fashion designer Thakoon Panichgul into a 12,000-square-foot space at 225 Varick Street while also signing leases with Tory Burch and 3.1 Phillip Lim in recent months. Read More

The Lawyers You Call

Fried Frank Partner Jonathan Mechanic on the New York Genome Center

Jonthan Mechanic.

Jonathan Mechanic, a partner at Fried Frank and chairman of the firm’s real estate department, represents clients in every type of commercial real estate transaction. His deals have included Conde Nast’s  1-million-square-foot lease at One World Trade Center and, more recently, the 170,000-square-foot bite that the New York Genome Center took out of 101 Avenue of the Americas. Read More