New York-based real estate private equity and asset management firm Savanna has closed on its acquisition of two adjacent loft-style office buildings at 245 West 17th Street and 249 West 17th Street in Chelsea for $75.8 million, city records show.
Originally a dry goods warehouse and wagon house for the Siegel-Cooper Company department store, the property at 249 West 17th Street is a 145,000-square-foot, six-story building. The other property, equal in square footage, is 12 stories high.
The two properties have a combined 40,000 square feet of office space and are located within a couple blocks of Chelsea Market, the Meatpacking District and Google’s 111 Eighth Avenue.
Robert Half International has inked a deal at 125 Park Avenue.
The world’s largest specialized staffing firm will take 38,026 square feet covering the entire fourth floor and parts of the third floor at SL Green‘s building across the street from Grand Central.
Rothschild North America, the North American division of English investment firm NM Rothschild & Sons, will be moving in to two new floors (and contiguous space) at 1251 Avenue of the Americas, the Mitsui Fudosan America-owned office tower.
The new space, on the 33rd and 34th floors, will total 69,418 square feet, as was first reported by The New York Post. Rothschild North America currently occupies the 44th and 51st floors inside the 2.29 million square foot building, where it had been since 1994, according to CoStar data.
As The Commercial Observer reported last week, the real estate investment company Angelo Gordon is close to a deal to extend its lease at 245 Park Avenue.
On Tuesday, more details of the transaction emerged.
First, it’s not done but in advanced talks and sources expect it to close in as soon as a Read More
An ambitious plan to renovate 1700 Broadway and construct pre-built units in the roughly 630,000-square-foot office building has produced a string of leases at the property over the past year.
In a conversation with The Commercial Observer this afternoon, Jonathan Brundige, an executive at the Ruben Companies, the building’s landlord, and Peter Shimkin, a leasing broker at Newmark Knight Frank who handles deals at the property, estimate that about 115,000 square feet of space has been leased there over the past 10 months.
Sheldon Solow will have the last laugh after all. In a truly startling swamp, Natixis is ready to cut a deal at 9 West 57th Street, putting its space at 1251 Sixth Avenue back on the market.
Back in the fall, the sometime-troubled French money manager (a Madoff victim and Goldman adversary) wanted to renew at Read More