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Lease Beat

Lease Beat

Two Sigma Expands to 107K SF at 101 Avenue of the Americas

101 Avenue of the Americas.

Tech-focused Two Sigma Investments has signed for an additional 47,000 square feet at 101 Avenue of the Americas, as The Real Deal reported. The investment management company signed for 60,000 square feet in the Edward J. Minskoff Equities building between Watts and Grand Streets last year.

Two Sigma’s expansion spans the 15th through 17th floors of the 23-story building adding to the its space on the top four floors of the building. The company, which has $20 billion in assets under management, will occupy roughly a quarter of the building’s 425,000 total square feet. The firm will pay rents starting in the $70s per square foot, according to TRD. Read More

Lease Beat

1 New York Plaza Scores Five New Retail Concourse Tenants [Updated]

1 New York Plaza.

Brookfield Office Properties has signed leases with five new retail tenants at its 1 New York Plaza within the past six weeks, bringing the 42,000-square-foot retail concourse to 65 percent leased, Commercial Observer has learned.

The new tenants are Starbucks (1,200 square feet), Chipotle (1,800 square feet), Chop’t Creative Salad Company (2,400 square feet), Cobbler Express (950 square feet) and Optometric Arts (950 square feet). Read More

Lease Beat

Leases Signed at 110 East 42nd for Full Occupancy

110 East 42nd Street.

Four leases totaling 48,482 square feet have been signed at 110 East 42nd Street between Park and Lexington Avenues, according to a release issued by the building’s landlord, SL Green Realty Corp. The building is now 100 percent occupied.

Asking rent for the spaces was $55 per square foot, according to Gary Rosen, senior managing director at SL Green, who represented building ownership in the transactions along with Howard Tenenbaum. Read More

Lease Beat

Yodle HQ Moving to 330 West 34th Street [Updated]

330 West 34th Street.

Online marketing company Yodle has signed a 10-year lease for nearly 85,000 square feet at 330 West 34th Street, between Eighth and Ninth Avenues, according to The Real Deal. Yodle reportedly will pay in the $60s per square foot for its new headquarters.

Yodle will move to its new space in the 688,881-square-foot building, owned by Vornado Realty Trust, from 50 West 23rd Street between Fifth Avenue and Avenue of the Americas, TRD reported.  Read More

Lease Beat

Healthcare Tech Company Signs at 96 Spring Street

96 Spring Street.

New York City-based healthcare technology company, Flatiron Health, has signed a lease for 15,000 square feet at 96 Spring Street.

The healthcare tech company plans to relocate immediately from a 3,000-square-foot space at 291 Broadway between Duane and Reade Streets, following significant expansion and hiring, according to a release issued by Savills Studley. Flatiron Health recently raised $130 million in a Series B financing round. Read More

Lease Beat

Capital New York Moving Downstairs on 39th Street [Updated]

333 West 39th Street.

Online news publication Capital New York is moving to a larger space in its current building at 333 West 39th Street to accommodate its recent growth.

Capital signed a five-year lease for 4,500 square feet one floor down from its current 1,900-square-foot ninth-floor space in the building between Eighth and Ninth Avenues, according to Neil Joffee of Newmark Grubb Knight Frank. Mr. Joffee is the majority owner of the building and was one of the brokers representing ownership, along with NGKF’s Alan Steinberg. The new office is comprised of three combined spaces on the eighth floor. Read More

Lease Beat

Boston Market Signs Lease at Bronx Triangle Plaza Hub

Rendering of Triangle Plaza Hub.

Boston Market chicken restaurant chain signed a lease this week for 2,600 square feet on the ground floor at the Triangle Plaza Hub in the Bronx, Lester Petracca, the president of Triangle Equities, told Commercial Observer.

The asking rent in the Triangle Equities project was $75 per square foot and the lease was for 10 years, with an option to extend, a spokesman for Triangle Equities indicated. Read More

Lease Beat

Designer Leads 10 New Deals in ESRT Portfolio

501 Seventh Avenue.

Empire State Realty Trust has leased over 40,000 square feet of space in three of its Manhattan office buildings to 10 new tenants, the real estate investment trust announced this week.

In the largest of the new deals, P. Devos Designs Inc. signed a 7,628-square-foot lease at 501 Seventh Avenue. The tenant, better known as fashion designer Pamella Roland, was represented by Steven Pressler of Coldwell Banker. The term of the deal was not disclosed. Read More

Lease Beat

Three Leases Signed at 30 Cooper Square

30 Cooper Square. (PropertyShark)

Three leases have been signed for a combined 45,500 square feet of space at 30 Cooper Square, according to a release issued by Cassidy Turley.

Cooper Union, a privately funded college with administrative offices in the building, renewed its lease of 26,000 square-feet of space with a term upwards of five years, according to a representative for Cassidy Turley, while two, new 10-year leases have been signed by 72andSunny Partners and S Plus, Inc. Read More

Lease Beat

Media Company Inks Midtown South Relocation

1140 Broadway

Media company F+W will soon move a half mile southwest of its current home at 38 East 29th Street into an 8,500-square-foot space for ten years on the entire 14th floor of the Roos and Cohen families’ 17-floor building at 1140 Broadway in Midtown South, Commercial Observer has learned.

The company chose the building with asking rents in the mid to high $50s per square foot after searching for a new location that would help foster innovation in the changing media landscape, said F+W’s Chairman and CEO David Nussbaum. Read More

Lease Beat

United Ambulette Relocates to Bushwick from LIC

144 Pilling Street. (CoStar)

Medical transport service United Ambulette has expanded its business with a move to larger digs in the Bushwick section of Brooklyn. The company, which also has a school division, was based at 3131 Greenpoint Avenue in Long Island City prior to the June 1 move to 144 Pilling Street, off Central Avenue.

Kalmon Dolgin Affiliates brokers Jeffrey Unger and Robert Klein represented United Ambulette and the landlord, the Tony Argento-owned Corastar Holding Inc., in the deal, the brokerage announced. The third-generation United Ambulette took 6,000 square feet of warehouse space plus 20,000 square feet of outdoor yard space for its vehicles. Read More

Lease Beat

Urban Compass Signs Lease at RFR’s 90 Fifth Avenue

90 Fifth Avenue.

Tech-driven real estate brokerage Urban Compass has signed a new 25,000-square-foot lease at RFR Realty’s 90 Fifth Avenue, the landlord announced today.

The tenant will occupy space on the third and fourth floors of the building beginning late this year, RFR said in a press release. Urban Compass is currently headquartered at nearby 19 Union Square West and the company is expected to retain its 9,000-square-foot space there, according to The New York Post, which first reported the lease. Read More