Clothing supplier Fashion Avenue Sweater Knits signed a 10-year, 25,000-square-foot lease to move into a showroom and office lease at Olmstead Properties‘ 525 Seventh Avenue, Commercial Observer has learned.
The company that specializes in importing women’s and children’s wear will expand from collectively smaller locations at 1400 Broadway and 225 West 37th Street and pay an average asking rent of $55 per square foot, said Marc Schoen of Savitt Partners, the broker who represented the company in the transaction.
Woodbolt International, the developer and marketer of nutritional products including Cellucor, has signed a five-year, 3,433-square-foot lease at 37 West 20th Street, The Commercial Observer has learned. Asking rent was in the mid-$60s per square foot.
“They had an economic model in mind that this made sense for,” said Scott Galin, principal at Handler Real Estate, which represented the tenant. “The search was very efficient, I would say within a month to six weeks they identified the space through our office.”
After a ten month search for more space, English-as-a-second-language school, Bluedata, signed a two year extension on the 10,900 square foot space at 1261 Broadway it has occupied for 15 years.
“It was a very intensive and extensive search,” said Perry Mesmer, executive managing director with Colliers International, who arranged the renewal on behalf of Read More
Bernard Dikman will be relocating to a new office in New York.
The accounting firm will be moving from its office at 156 Fifth Avenue in favor of an office at 37 West 20th Street. The office spans 3,412 square feet on the seventh floor of the building.
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
Like most good brokers in Manhattan, Stephen Berliner loves the thrills of the job: the adrenaline of winning a client, the creativity of guiding a tenant through Manhattan’s labyrinthine options, the late nights parrying back and forth in negotiations to secure a space.
But early in his career he knew that dealmaking alone wouldn’t be enough.
Getting to the top of the city’s brokerage heap is in many ways a lonely proposition, a ceaseless, single-minded effort to fill one’s pipeline with the biggest deals and clients possible. Mr. Berliner is not lacking in ambition, but the kind of unchecked self-centeredness that would seem necessary in such a pursuit doesn’t fit his style.