Lease Beat

Lease Beat

TAMI Tenant Andiamo Partners Moves to State Street

The property at 17 State Street.

Andiamo Partners, a technology staffing and consulting firm, will be moving its headquarters from Lower Manhattan to 17 State Street near Battery Park, Commercial Observer has learned.

The company signed a 10-year lease for 6,668 square feet on the eighth floor of the 42-story tower. The asking rent was $60 per square foot, according to a Savills Studley representative. Read More

Lease Beat

Lifestyle PR Firm Moving to 48 West 38th Street [Updated]

48 West 38th Street.

Quinn, a lifestyle public relations agency with clients including Jamestown Properties, Brodsky Organization and Time Equities50 West Street, is moving its offices to 10,000 square feet within the Garment District come Dec. 1, Commercial Observer has learned.

The company signed a lease for 10 years and seven months spanning the entire 12th floor at Bonafide Estate‘s 48 West 38th Street between Fifth Avenue and Avenue of the Americas, according to Greg McGunagle, a senior vice president at Quinn. The asking rent was $42 per square foot. Read More

Lease Beat

Fashion Showroom to Add Space in Garment District

530 Seventh Avenue

Los Angeles-based fashion promoter Place Showroom will expand at the start of next year by 1,800 square feet at Savitt Partners530 Seventh Avenue, Commercial Observer has learned.

The company that uses its showroom to connect emerging brands and designers with buyers signed a renewal and expansion on the 22nd floor of the Garment District property, grabbing an additional unit on the same floor of its current location to grow to 5,200 square feet, Savitt officials said. Space in the high-rise portion of the building, which now features the Skylark cocktail lounge on the top floors, commands an asking rent in the mid-$60s per square foot, the officials said. Read More

Lease Beat

Toy Designer to Move Within Garment District

65 West 36th Street

Toy designer Animal Adventure will start selling its wares out of a new showroom and office in December on the ninth floor of the Sioni Group‘s 65 West 36th StreetCommercial Observer has learned.

The toy company that supplies retailers like Target and Toys “R” Us will relocate from its current space roughly two blocks south at 112 West 34th Street into the new 1,974-square-foot assemblage elsewhere in the Garment District, officials with the Kaufman Organization said. The new location commanded an asking rent in the mid-$40s per square foot, the Kaufman officials said. Read More

Lease Beat

Starbucks Renews UWS Lease

540 Columbus Avenue.

Starbucks Coffee has re-signed a 3,425-square-foot lease on Columbus Avenue and West 86th Street, Commercial Observer has learned.

The coffee chain took a 10-year renewal with a one- to five-year option for its 2,425 square feet on the ground floor and 1,000 square feet in the basement at 540 Columbus Avenue. Read More

Lease Beat

Nike and Forever 21 to Open Flushing Locations at SkyView

The Shops at SkyView Center

Global retailers Nike and Forever 21 will open new stores in the spring of 2015 at the Shops at SkyView Center in Flushing, Queens, Onex Real Estate Partners announced last week.

The two well-known brands inked 10-year leases at SkyView, officials at Onex said, with Nike grabbing a 15,000-square-foot space on level D and Forever 21 booking a 10,093-square-foot space on level B of the 700,000-square foot shopping center at 40-24 College Point Boulevard. Read More

Lease Beat

Jay Suites Signs Seventh Manhattan Space in Grand Central Area

315 Madison Avenue.

Jay Suites, a shared-office space provider capitalizing on the communal space craze, has signed a lease at 315 Madison Avenue, a property owned by the Abramson Brothers between East 41st and East 42nd Streets.

First reported by The Real Deal, the company signed a lease on Tuesday for 18,000 square feet on the building’s third and fourth floors. Jay Suites plans to move into the space Feb. 1. Read More

Lease Beat

Whole Foods’ Bryant Park-Area Lease Revised, Enlarged

1095 Avenue of the Americas.

A week ago today, natural and organic foods grocery chain Whole Foods Market redid its lease, enlarging its footprint to 42,996 square feet, at a Bryant Park-area office tower, Commercial Observer has learned.

While Whole Foods signed a three-floor lease at the 42-story office building 1095 Avenue of the Americas about a year ago, last Friday’s hard contract added 6,000 square feet to the deal through a space reconfiguration, according to people with intimate knowledge of the deal. Read More

Lease Beat

Financial Firm To Move Two Blocks North in Midtown

1120 Avenue of the Americas

Small and middle market capitalization portfolio manager Daruma Capital Management will move its headquarters two blocks uptown in April 2015 through a lease for the entire top floor of Edison PropertiesHippodrome Building.

The employee-owned company that oversees $2.3 billion in investments for public and corporate pension plans, endowments, foundations and individuals, according to its website, will relocate from its current home at 80 West 40th Street to the 9,562-square-foot 21st floor at 1120 Avenue of the Americas, officials with Cushman & Wakefield and Edison said. Read More

Lease Beat

Hugo Boss Ditches Starrett-Lehigh Building for FiDi

55 Water Street.

Hugo Boss is moving its North American headquarters from the Starrett-Lehigh Building at 601 West 26th Street to 73,690 square feet at 55 Water Street, Commercial Observer has learned.

The fashion giant will occupy the 53-story building’s entire 48th floor, comprising 68,793 square feet, as well as a partial sublevel space of 4,897 square feet, CBRE announced, through a 15-year deal with $54-per-square-foot asking rents. The company plans to assume the new space in the second quarter of next year. Read More

Lease Beat

Ad Firm Grabs 60th Floor at 1 WTC

A view of Downtown from New Jersey

Location-based advertisers xAd will expand from Midtown South to 1 World Trade Center through a ten-year, 43,849-square-foot lease for the entire 60th floor of the 104-story tower, the Durst Organization announced earlier this week.

The ad firm that targets consumers through mobile device ads based on their location will add an additional office to its existing 401 Park Avenue South office next summer at the Port Authority of New York & New Jersey-owned tower that Durst manages while owning a $100 million joint equity stake. Asking rents at the 3-million-square-foot building, which has now attracted tenants to 1.9 million square feet of its space, run for $69 per square foot, representatives for Durst said. Read More

Lease Beat

IEX Relocates to 4WTC from 7WTC

4 World Trade Center. (Silverstein Properties)

IEX, a start-up stock market, is moving from 3,600 square feet at 7 World Trade Center to 13,000 feet at 4 World Trade Center, both Silverstein Properties buildings, the developer announced.

The firm signed a seven-year lease on the 44th floor of the 56-story, 2.3-million-square-foot building and will move in April 2015. A source with knowledge of the deal said the asking rent is in the mid-$70s per foot. Read More