Lease Beat

Lease Beat

Lenny’s Unveils ‘Lenwich by Lenny’s’ Name at New Locations

The proposed storefront at 459 Park Avenue South.

Unable to trademark “Lenny’s” outside of New York City, the sandwich chain’s proprietor has introduced a new name: “Lenwich by Lenny’s.”

That’s the name that will appear on the front of Lenny’s 18th location, at 459 Park Avenue South at 31st Street, when the deli opens in three months. And that’s the name that can be found at the location that opened today, at 202 West 40th Street between Seventh and Eighth Avenues. Read More

Lease Beat

MTA Shrinks, Renews Lease Near Penn Station

469 Seventh Avenue.

The Metropolitan Transportation Authority is consolidating with a renewal of 34,000 square feet, or just half of its existing space, at 469 Seventh Avenue between 35th and 36th Streets.

The transaction includes the entire 11th and 14th floors in the 16-story, 270,000-square-foot building, The New York Post first reported. Marty Meyer, one of the building owners, told Commercial Observer the MTA is reducing its space from four floors to two.  Read More

Lease Beat

Minskoff Secures Tech Firm in Hudson Square [Updated]

101 Avenue of the Americas.

Cloud-hosting service provider DigitalOcean has signed for 23,500 square feet at Edward J. Minskoff Equities‘ 101 Avenue of the Americas, between Watts and Grand Streets. It will be relocating from 270 Lafayette Street.

DigitalOcean’s lease spans the entire 11th floor and a portion of the 10th floor, The Real Deal reported. Rents in the building start in the $70s per square foot and the lease is for 10 years. Read More

Lease Beat

Servcorp Takes 35K SF at 1 WTC

One World Trade Center

Servcorp, a global provider of equipped executive offices and virtual office space, has signed a 15-year lease for 34,775 square feet on the 85th floor at 1 World Trade Center. The lease marks the fourth Manhattan location for the Australia-based company. Servcorp represented itself in yesterday’s transaction and The Durst Organization‘s Robert Becker represented Durst, according to the New York Post, which first reported the deal.

Featuring boardrooms, private offices and private workstations, Servcorp’s 1 World Trade Center location will open in the first quarter of next year, Durst and The Port Authority of New York and New Jersey said in a release. The Port Authority developed the 1,776-square-foot tall, 3-million-square-foot office building and Durst operates and leases it. Read More

Lease Beat

North Shore-LIJ Takes Space in UES Condo

170 East 77th Street.

North Shore-Long Island Jewish Health System has inked a 10-year lease for nearly 6,000 square feet on the Upper East Side.

The deal, which was signed at the end of July, gives North Shore-LIJ 5,936 square feet for office and medical usage on the ground floor at The Diamond House, a residential condominium at 170 East 77th Street. Read More

Lease Beat

UWS Tandoori Shutters Tonight

210 West 94th Street.

Tandoori, a restaurant serving up North Indian cuisine, is closing tonight after eight years in business, Commercial Observer has learned.

Carlos Vegas leased Tandoori’s 2,000-square-foot restaurant at 210 West 94th Street between Amsterdam Avenue and Broadway this afternoon, allowing Tandoori to operate until 8:30 p.m. tonight, according to James Famularo of Eastern Consolidated. He and colleague Ravi Idnani negotiated the deal on behalf of Tandoori and Mr. Vegas. Read More

Lease Beat

Infant Wear Store Signs For Tribeca Storefront

104 Franklin Street

Infant clothing designer and manufacturer Egg by Susan Lazar moved into a retail storefront at 104 Franklin Street in Tribeca at the start of the month through an 11-year, 2,200-square-foot lease, Commercial Observer has learned.

The space formerly occupied by the sales office of a nearby residential property that has asking rents of $120 per square foot offered the designer a favorable location in a neighborhood where shoppers grew familiar with a former pop-up shop the clothing store operated in the area, said Brett Maslin of Adams & Co. Read More

Lease Beat

Coffee Replacing Crumbs Cupcakes in Chelsea

A Crumbs Bake Shop.

A new coffee shop serving Italian-style coffee and in-house, hand-made baked goods, is building out the 950-square-foot space where Crumbs Bake Shop used to be in Chelsea. Seven Grams Caffe signed a 10-year lease in June and plans to open at 275 Seventh Avenue between 25th and 26th Streets in the second week of September.

The owners don’t anticipate any bad joo joo from Crumbs’ demise. Read More

Lease Beat

Digital Marketing Firm Signs Flatiron District Lease

22 West 19th Street.

Digital marketing and media firm Taykey, Inc. signed a five-year, 7,125-square-foot lease to move into the seventh floor of the Kaufman Organization‘s Cluett Building at 22 West 19th Street in the Flatiron District this fall, Commercial Observer has learned.

Kaufman has now filled the 1901 structure with asking rents in the $50s per square foot following a renovation and the installation of additional elevators from the redone lobby, said Steve Kaufman, president of the company. Read More

Lease Beat

Harry Winston Consolidates, Relocates Offices

717 Fifth Avenue.

Harry Winston is relocating its offices from two Manhattan locations to a 23,000-square-foot space across from the luxury jewelry brand’s flagship retail store at 718 Fifth Avenue.

Harry Winston signed a 15-year lease at 717 Fifth Avenue on the southeast corner of 56th Street, according to a news release from CBRE. CBRE’s Zachary Freeman, Brian Hay and Ryan Alexander negotiated the deal on behalf of the landlord, Equity Office Properties, along with Bill Edwards and Jessica Kanfer from Equity Office Properties. Read More

Lease Beat

Newspaper Delivery Service Relocates LIC HQ

47-11 and 47-51 Austell Place.

Mitchell’s NY, a family-owned publication delivery business, is relocating its Long Island City headquarters and distribution center within the neighborhood to Time Equities47-11 and 47-51 Austell Place between Skillman Avenue and 27th Street.

Faith Hope Consolo and Joseph Aquino of Douglas Elliman‘s retail group negotiated the 40,000-square-foot deal on behalf of Mitchell’s NY in a direct deal with Time Equities‘ senior acquisitions and asset manager, Brad Gordon. Read More

Lease Beat

Three-Way Deal Moves Jewelers to Fifth Avenue Showroom [Updated]

529 Fifth Avenue.

Jewelry manufacturer Sasha Primak will move three blocks south of its current Diamond District offices by the end of the year through a 15-year, 12,455-square-feet lease at Silverstein Properties529 Fifth AvenueCommercial Obsever has learned.

The move coincides with a relocation by the previous occupant, Leo Schachter Diamonds, to a company-owned commercial condo in the District’s International Gem Tower at 50 West 47th Street, an arrangement that didn’t jibe with the other diamond manufacturing company’s existing lease through 2017 at the Fifth Avenue building and caused Schachter to enlist TOWN Fifth Avenue associate broker Leah Rubin to find a new tenant for their former space, Ms. Rubin said. Read More

Lease Beat

French Bus Tour Company Opens in Midtown

785 8th Avenue.

RDSL Urban LLC, a subsidiary bus tour company of RATP, the French national public transportation authority, has opened a 2,800-square-foot storefront and basement location down the block from other bus tour company competitors for its first business venture in the city at 785 Eighth AvenueCommercial Observer has learned.

CBRE brokers Snezana Anderson, Bernhard Weinstabel, Annette Healy and Alden Alexander negotiated the 10-year lease for the Open Tour company in Icon Realty Management‘s teeming tourist location, Ms. Anderson said. Read More