Lease Beat

Regus Continues New York Expansion at 104 West 40th Street

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Office space provider Regus has signed a long-term, 30,000-square-foot lease on the fourth and fifth floors at 104 West 40th Street, continuing the company’s aggressive expansion in New York.

“We’re really looking to expand on the west side of Manhattan, filling in the dots of where we aren’t,” Grant Greenberg, spokesman, told The Commercial Observer, adding that an exact opening date has not been nailed down but late 2013 or early 2014 is likely. Read More

Sales Beat

Princeton International Properties Pays More Than $100M for 104 West 40th Street

104 West 40th Street

Princeton International Properties has purchased 104 West 40th Street from Savanna for just over $100 million, The Commercial Observer has learned.

The 210,000-square-foot Midtown Manhattan office building is located steps from Bryant Park on 40th street and Broadway.

Savanna purchased the 20-story glass and steel landmark in 2010, refurbishing it with renovated elevators, building systems, an improved lobby – and a strategy of re-leasing the vacant space at market rents. Read More

Lease Beat

Japanese Media Giant Re-inks Lease at Tower 52

Tower 52 (photo courtesy of CoStar)

International media company Fujisankei Communications International, Inc. re-signed its lease for 21,222 square feet at Tower 52, a Class A office building in Midtown East, The Commercial Observer has learned.

The company, which serves as the overseas division of Fuji Media Holdings, will continue to occupy the top three floors (33, 34, and 35) of 150-156 E 52nd Street in its lease renewal. Terms of the lease renewal, including the length of lease and the asking rent, were not disclosed.  Read More