Lease Beat

Virgo Business Centers Subleases 40,791-SF at 1345 Avenue of the Americas

1345 Avenue of the Americas

Virgo Business Centers subleased 40,791 square feet from AllianceBernstein at 1345 Avenue of the Americas, The Commercial Observer has learned.

CBRE brokers repped the tenant and sublandlord in the 12-year deal, with Scott Bogetti and Anthony Dattoma working on behalf of Virgo Business Center. Robert Alexander, Christopher Mansfield and Brad Needleman represented AllianceBernstein. Asking rent was $53 per square foot. Read More

Cover Story

We Are OK: New Technology and Existing Resources Are Allowing Sandy’s Victims to Avoid Subleasing


On Thursday, Nov. 1, Virgo Business Centers made 27,321 square feet of temporary, furnished office space available at 14 Penn Plaza. Companies displaced by Hurricane Sandy filed in one by one, and by the following Thursday, the space was full.

“Typically, that process takes about a year,” said Pasha Erkin, director of sales at the company. “It’s all about readiness. You could literally bring me 40 people today, and I could have the space ready tomorrow. All you have to do is walk in, flip on a switch, plug in and start working.”

In that building alone, the company took on 177 employees from displaced companies like Coronet, amfAR, Linda Decorato, Ambrose and others located on the eastern tip of Downtown and other areas hit hard by the hurricane. Read More

Lease Beat

Virgo Business Center Takes Space at 14 Penn Plaza

Courtesy of Wikipedia

Virgo Business Centers will be opening a new office near Penn Station.

The virtual office company will be taking the entire ninth floor, 27,321 square feet, of Dakota Realty Group’s 14 Penn Plaza.

“The building has eleven and a half foot ceilings, tenant-controlled air conditioning and brand new electrical wiring and windows throughout the building.” Read More