Lease Beat

Architecture Firm Inks Flatiron District Sublease

250 Park Avenue South

Architecture and design firm ODA Architecture has moved north to the Flatiron District through a three-year, 11,666-square-foot lease at the Feil Organization‘s 250 Park Avenue South between 19th Street and 20th Streets, Commercial Observer has learned.

The firm that’s designing both the interiors and exteriors of the 1,193-unit twin Hunter’s Point South towers in Long Island City previously occupied space at 494 Broadway. But the firm has now transitioned to offices with asking rents in the high $50s formerly occupied by Hudson Realty Capital, said Jared Sternberg of the Kaufman Organization. Read More

Lease Beat

Deutsch Leaves Google Building, Signs Penn Plaza Lease

330 West 34th Street.

Advertising agency Deutsch has signed a new lease for 74,346 square feet on the 13th and 14th floors at 330 West 34th Street, between Eighth and Ninth Avenues at Penn Plaza, the New York Post reported.

The new lease marks the planned relocation of the New York branch of Donny Deutsch’s bicoastal agency from Google’s building at 111 Eighth Avenue between 15th and 16th Streets, the Post said. Deutsch’s current space is 134,830 square feet spanning the 14th and 15th floors of the building. Read More

Lease Beat

Two New Deals Signed at 105 Madison Avenue

105 Madison Avenue.

Structural engineering firm GACE Consulting Engineers has signed the larger of two new leases at 105 Madison Avenue, Commercial Observer has learned.

The tenant has signed a 14.5-year deal for the entire, 13,350-square-foot sixth floor of the building. The firm will relocate from its current headquarters at 31 West 27th Street between late October and mid-November of this year, according to Paul Davidson of Newmark Grubb Knight Frank, who represented the landlord, A&R Real Estate. Read More

Lease Beat

Securities Training Corporation Leads New Deals at 123 William Street

123 William Street. 123 William Street. (

Securities Training Corporation has signed a long-term, 32,356-square-foot lease at 123 William Street, Commercial Observer has learned.

The tenant, which provides securities licensing preparation courses, will relocate from 17 Battery Place and occupy a portion of sixth and the entire seventh floor of the Lower Manhattan building. The company, founded in 1969, also operates locations in Chicago, Boston, San Francisco, South Florida and London. Read More

Lease Beat

Napier Park Leaves Citigroup HQ for 280 Park Avenue

280 Park Avenue.

Napier Park Global Capital, an independent alternative asset management firm, has signed a new lease at 280 Park Avenue.

Napier took  a 10-year lease for 25,000 square feet in the 43-story Class A building located between 48th and 49th Streets, according to Newmark Grubb Knight Frank, which represented the tenant in the deal. Read More

Lease Beat

New York Film Academy Leads Leasing at 26 Broadway

26 Broadway. (NGKF)

The New York Film Academy has signed a new 15-year lease for the entire 45,000-square-foot 12th floor of 26 Broadway in Lower Manhattan.

The deal is the largest of seven recent leases totaling 126,000 square feet at the building. Built in 1885 as the Standard Oil Building, the 32-story tower at 26 Broadway has reached 90 percent occupancy thanks to the recent deals. Read More

Lease Beat

Rocket Fuel Takes 90K SF at 100 West 33rd Street

100 West 33rd Street (Credit: Arthur G. Cohen)

Rocket Fuel has signed a 10-year lease for 90,000 square feet at Vornado Realty Trust’s 100 West 33rd Street. The advertising technology company expects to relocate from its current office at 129 West 29th Street next month.

“Rocket Fuel definitely wanted to stay in the Midtown/Chelsea area as this is where most of its customers and partners are located,” Scott Brown, a managing director at Newmark Grubb Knight Frank, who represented the tenant, told Commercial Observer in an emailed statement. “The decision to take a full floor at 100 West 33rd Street was driven by efficiency and company projections to expand in the short-term.” Read More

Lease Beat

Nonprofit Relocating to 630 Third Avenue

630 Third Avenue.

P.E.F. Israeli Endowment Funds, an organization that facilitates the distribution of grants to Israeli charities, will be relocating to 630 Third Avenue, Commercial Observer has learned.

The nonprofit has signed a 10-year lease for 2,587 feet on the 15th floor of the 23-story building on the Southeast corner of Third Avenue and 41st Street. Read More

Lease Beat

Meadows Office Furniture Relocates Manhattan Headquarters to Lipstick Building

Lipstick Building.

Meadows Office Furniture has relocated its Manhattan headquarters to the entire 29th floor of the Lipstick Building at 885 Third Avenue. The contract furniture provider has signed a 10-year lease for the 13,855-square-foot space, which offers views of Manhattan and the East River.

Asking rent per square-foot was $77, a figure in line with pricing of the two remaining full-floor spaces in the 90 percent leased building between $73 and $77 per square-foot, according to a recent statement. The availabilities include the 19,270-square-foot 17th floor and the 13,200-square-foot 28th floor. Read More

Lease Beat

Inter Parfums Moves Forward with New Lease at 112 Madison

112 Madison Avenue. (Credit: Samco Properties)

Inter Parfums has signed a 7,500-square-foot lease for the top floor at Samco Properties112 Madison Avenue, Commercial Observer has learned.

The developer, manufacturer and distributor of beauty and fragrance products – which dissolved its lucrative relationship with Burberry last year – outgrew a previous space at 1 Park Avenue and will nearly double its square footage with the move, said Robert Eisenberg of Newmark Grubb Knight Frank, who represented the tenant with Mark Weiss and Scott Gutnick of the same firm. Read More

Lease Beat

Global Strategy Group Moving to 215 Park Avenue South

215 Park Avenue South. (SL Green)

Public relations firm Global Strategy Group has signed a 21,974-square-foot lease for the 15th floor — and a portion of the 14th — at SL Green’s 215 Park Avenue South, Commercial Observer has learned.

The firm plans to relocate from its existing offices at 895 Broadway this fall and was drawn to the building’s location in the heart of Union Square, at 18th Street, and an existing installation that will serve as the new backdrop for their expanding operations. Read More