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Lease Beat

Lease Beat

Flushing Bank Opening Second Manhattan Branch

99 Park Avenue.

Flushing, Queens-based Flushing Bank is preparing to open its second Manhattan branch and its first office in the borough, Crain’s New York Business reported.

The bank signed a 6,541-square-foot ground-floor and lower-level retail lease for the branch and a 5,727-square-foot office lease on part of the eighth floor at 99 Park Avenue between East 39th and East 40th Streets, the publication said. Read More

Lease Beat

Crystal Designer Swarovski Takes 18,000 SF in Midtown East

10 East 53rd Street.

Austrian crystal maker Swarovski signed an 11-year-deal for 17,850 square feet at SL Greene Realty Corp.‘s 10 East 53rd Street, according to a press release from SL Greene. The lease is for the entire 26th and 27th floors of the 37-story tower between Fifth and Madison Avenues, according to the landlord. The 354,046-square-foot-building is currently undergoing a $64 million renovation.

Mark Mandell of Cushman & Wakefield represented Swarovski in the transaction, while JLL‘s Paul Glickman, Cynthia Wasserberger, Alexander Chudnoff, Frank Doyle, Mitti Liebersohn and Benjamin Bass represented the landlord. Representatives from Cushman & Wakefield and JLL were not immediately available for comment. Read More

Lease Beat

Tech Company Expands at 17 State Street

17 State Street.

6D Global Technologies, which helps organizations optimize their digital experience, has expanded at 17 State Street by nearly 9,000 square feet, Commercial Observer has learned.

The company took an additional 8,887 square feet on part of the 25th floor, bringing its total footprint to 13,400 square feet in RFR Realty‘s 42-story office tower at Pearl Street across from Battery Park. The lease, signed this week, is for five years, a spokesman for RFR said, with an asking rent of $70 per square foot. Read More

Lease Beat

French-Inspired Rotisserie Chicken Coming to UWS [Updated]

426 Amsterdam Avenue.

Poulette is getting even more serious about its French-inspired rotisserie chicken, opening a second Manhattan eatery, Commercial Observer has learned.

The new 650-square-foot spot is on the ground floor of a five-story Upper West Side residential building at 426 Amsterdam Avenue between West 80th and West 81st Streets. It was occupied by a newsstand until the end of last year. The 10-year lease includes a full-storage basement and an asking rent of $240 per square foot, according to a spokeswoman for Eastern Consolidated. Read More

Lease Beat

Consumer Brands Company Snags 10K SF in Flatiron District

276 Fifth Avenue.

MindsInSync is moving to a 10,000-square-foot space a bit south and east of its current location at 1350 Broadway between West 35th and West 36th Streets, Commercial Observer has learned.

The global consumer goods company that invented the original memory foam bath mat is moving to a suite on the fifth floor of the 11-story 276 Fifth Avenue at 30th Street, according to a spokeswoman for EVO Real Estate Group, the brokerage representing landlord, Shlomo Bakhash‘s the Kash Group, in the deal. The lease is for 10 years and the asking rent is $65 per square foot, the spokeswoman indicated. Read More

Lease Beat

NYC Elite Takes 25,000 SF in Tribeca

40 Worth Street (photo: Newmark Holdings).

Gymnastics studio NYC Elite is relocating from its current home in Soho to a sprawling 25,000 square foot space in Tribeca, Commercial Observer has learned.

The studio, which has three locations in Manhattan, will relocate from its 14,000 square-foot space at 100 Avenue of the Americas between Broome and Grand Streets to Newmark Holdings40 Worth Street, according to a spokeswoman for the landlord. NYC Elite plans to open its new space this fall. Read More

Lease Beat

Social Media Analytics Company Takes Space in FiDi

Exterior of 123 William Street (Courtesy of East End Capital).

Social media analytics company Shareablee has signed a lease to relocate to an 8,211-square-foot space of the 19th floor of 123 William Street between John and Fulton Streets, Commercial Observer has learned.

Asking rents for Shareablee’s Financial District space, which includes expansive views, were $52 per square foot and Shareablee agreed to a 10-year lease, according to Bradley Gerla, a CBRE broker who represented the landlord.   Read More

Lease Beat

Media General Pens 27K Lease at Empire State Building

Empire State Building.

Media General, an operator of 71 television stations in 48 U.S. markets, has signed a 10-year lease for 26,782 square feet of space in the 102-story Empire State Building at 350 Fifth Avenue, according to a press release issued by Empire State Realty Trust, the real estate investment trust that owns and operates the landmark.

First reported by the New York Post, the new lease, signed on Jan. 12, reflects the company’s decision to centralize its six digital media companies and national sales headquarters into one location, which will span across the entire 62nd floor of the skyscraper. Media General is expected to move in this year; the space is currently vacant and construction will begin imminently. Read More

Lease Beat

Square Mile Capital Relocates on Park Avenue

350 Park Avenue.

Real estate investment firm Square Mile Capital is migrating south down Park Avenue and is roughly doubling its footprint, having signed a new lease for approximately 21,000 square feet at 350 Park Avenue, according to Crain’s New York Business.

The paper noted that the firm will occupy the entire 15th floor at the Vornado Realty Trust-owned property between East 51st and East 52nd Streets, and that the space is being subleased from Ziff Brothers Investments for rents in the $80s per square foot. The building, constructed in 1960, is 30 floors and includes 567,000 square feet. Read More

Lease Beat

Marketing Company Expands Footprint at 5 Manhattan West [Updated]

450 West 33rd Street.

Interpublic Group of Companies has expanded the space it plans to move into at 5 Manhattan West at 450 West 33rd Street between Ninth and 10th Avenues, according to a spokeswoman for the company. The marketing firm signed a lease to move into the building in the middle of last year. It recently updated that plan to augment its footprint in the building by 52,350 square feet, to a total of 278,000 square feet, as part of a 15-year deal. Interpublic is expected to move in at the end of 2015.

Cushman & Wakefield’s Bruce Mosler led the team representing the landlord, Brookfield Office Properties, along with Josh Kuriloff. Scott Panzer of JLL represented the tenant in the transaction. Read More

Lease Beat

Fashion Accessory Company Signs Lease in Herald Square

10 West 33rd Street.

Fashion accessory company SGS International has signed a five-year lease at 10 West 33rd Street between Broadway and Fifth Avenue, Commercial Observer has learned.

The new lease includes 2,117 square feet of space on part of the building’s eighth floor. SGS International is relocating from 34 West 36th Street. According to a spokeswoman for Adams & Co., the company representing the landlord Ten West Thirty Third Associates, asking rents were $48 per square foot. Read More

Lease Beat

Japanese Hair Salon Signs Lease on West Houston Street

178 West Houston Street.

Mirai Creations, a Japanese hair salon, is slated to open its first location at 178 West Houston Street between Bedford and Bleecker Streets, according to Crain’s New York Business.

According to the paper, Mirai Creations signed a 10-year lease for the 850-square-foot storefront, which includes 450 square feet on the ground floor and 400 square feet in the basement. It will open to the public in April. Read More