Lease Beat

DEA Moving to Brookfield Place

250 Vesey Street.

The Drug Enforcement Administration’s New York Organized Crime Drug Enforcement Task Force (OCDETF ) Strike Force reportedly signed a lease for 56,000 square feet at 250 Vesey Street, one of the five office towers that make up Brookfield Place.

The OCDETF Strike Force is taking the entire 19th floor and will move upon the expiration of its current lease at 85 10th Avenue. Read More

Lease Beat

ADCO Group Takes High-End Space at 450 Park


ADCO Group has signed a three-and-a-half-year, 10,800-square-foot lease for its relocation to Somerset Partners’ 450 Park Avenue.

The 33-story, 334,404-square-foot black granite tower with 10,300 to 10,800-square-foot floor plates stands beside such Class A office buildings as The Seagram Building, Lever House and 500 Park Avenue, likewise catering to top-tier boutique firms who covet full Read More

NGKF Takes Over as Leasing Agent at One Liberty Plaza

BKFD 08.17.06 A_034

Newmark Grubb Knight Frank has been hired as the leasing agent for One Liberty Plaza, landlord Brookfield Office Properties announced today.

“We are pleased to have the Newmark Grubb Knight Frank team in place to help us lease the upcoming block at One Liberty Plaza,” said Jerry Larkin, the senior vice president of leasing at Brookfield, in a prepared statement. “The building’s direct access to Fulton Street Transit Center and the World Trade Center Transit hub, its column-free space, ample infrastructure and spectacular views provide a unique value opportunity for prospective tenants.” Read More

Lease Beat

Angelo Gordon Adds 34K at 245 Park Avenue

Courtesy of Patrick Daniels

Angelo Gordon has tacked on a 34,000-square-foot addition to its office at 245 Park AvenueThe Commercial Observer has learned.

The deal is the firm’s second expansion in the last year. Angelo Gordon initially added about 20,000-square-feet to its 55,000-square-foot occupancy last June bringing them to a total of 74,000-square-feet. Read More

Lease Beat

Epiq Bankruptcy Leads Trio of New Leases at 757 Third Avenue

757 Third Avenue.

Epiq Bankruptcy Solutions, a case management and consulting firm specializing in Chapter 11 cases, has signed a 28,036-square-foot lease on the third and seventh floors of 757 Third Avenue, the largest of three recently announced leases at the RFR Realty property. Asking rents in the building range from the low $50s to low $60s per square foot.

Additionally, real estate developer Omni Development and Astoria Federal Savings and Loan Association have signed lease for 5,700 square feet and 5,284 square feet, respectively.

“The RFR team works tirelessly to provide an unsurpassed office environment for our tenants – from the upscale building amenities and thoughtfully crafted interiors to the assiduous attention to architectural detail,” said Aby Rosen, co-Founder and principal of RFR, in a statement. “The recent leases at 757 Third Avenue are further testament to the quality of our portfolio and attention to tenant services.” Read More

Sales Beat

Savanna Pays $75.8M for Adjacent Chelsea Loft Buildings

249 West 17th Street -- the former Siegel-Cooper warehouse

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. Read More

Lease Beat

Rothschild North America Moves South Inside 1251 Avenue of the Americas

1251 Avenue of the Americas (photo courtesy of CoStar)

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.  Read More

Lease Beat

1700 Broadway Signs A String Of Deals

1700 Broadway

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. Read More