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Lease Beat

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

Lease Beat

Nonprofit Inks Big LIC Lease

33-00 Northern Boulevard

Non-profit child care and foster agency the New York Foundling will relocate part of its staff to the entire fifth floor of 33-00 Northern Boulevard in Long Island City on a 15-year, 35,000-square-foot lease, Crain’s New York Business and the Wall Street Journal reported this morning.

The Queens property with asking rents in the $30s per square foot also houses offices for the city Human Resources Administration, a key partner with the organization, and the arrangement makes financial sense for a nonprofit that recently started marketing its West Village building at 27 Christopher Street for $47.5 million, said Ryan Colbert, investment director of Madison Marquette, the joint owner of the property along with Perella Weinberg Partners. Read More

Lease Beat

MediaMath Seals 4 WTC Deal This Morning [Updated]

4 World Trade Center. (Silverstein Properties)

Digital media buying platform MediaMath has sealed a 15-year deal to move from Midtown to 106,000 square feet at 4 World Trade Center. It is the first private-sector tenant for the Financial District building.

The deal was signed this morning in the mid-$70s per square foot and MediaMath scored $5.8 million in incentives through the federally funded Job Creation and Retention Program offered jointly by Empire State Development and Economic Development Corporation. Plus the company will get as-of-right incentives in place at the building for all tenants, according to the 4 WTC website. Read More

Lease Beat

Rubicon Project Relocates and Expands in Midtown

180 Madison Avenue

Los Angeles-based ad sales automator Rubicon Project inked a 5-year, 12,358-square-foot lease to move its offices across the street to 180 Madison Avenue in Midtown, Commercial Observer has learned.

The new lease with asking rents of $57 per square foot at the 24-story, 200,000-square-foot building where the company has already moved into the entire 14th floor gives the firm an upgrade over its previous partial-floor space at 183 Madison Avenue, said Savills Studley broker Allyson Bowen, Rubicon’s representative in the transaction. Read More

Lease Beat

SQN Capital Signs Lease at 100 Wall Street

100 Wall Street.

Alternative fund manager SQN Capital Management has signed a 10-year lease for a 7,293-square-foot portion of the 28th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.

Asking rent for the space was $49 per square foot. The tenant will relocate from its current headquarters at 110 William Street. Read More

Lease Beat

Affinity Health Plan Inks Lease for New Bronx HQ

Metro Center Atrium. (Simone Development)

Affinity Health Plan has signed a new 95,000-square-foot lease at Simone Development’s Metro Center Atrium in the Pelham Bay section of the Bronx, the landlord announced today.

The managed care organization will relocate its headquarters to the mixed-use complex from 2500 Halsey Street. Affinity Health will join a number of other healthcare tenants at Metro Center Atrium, including Montefiore Medical Center, Calvary Hospital, Fresenius Medical Care North America and others. Read More

Lease Beat

Financial Services Company Relocating to 555 Fifth Avenue

555 Fifth Avenue.

Merchant banking firm The Chart Group has signed a seven-year lease for a 6,973-square-foot space at 555 Fifth Avenue at the corner of 46th Street, Commercial Observer has learned.

The Chart Group, founded in 1994 to sponsor alternative investments and provide advice and capital access to corporate clients, will be relocating from 75 Rockefeller Plaza later this month, ATCO Properties & Management, the owner of 555 Fifth Avenue, indicated in a release to CO. Read More

Lease Beat

Two New Deals Signed at 105 Madison Avenue

105 Madison Avenue.

Structural engineering firm GACE Consulting Engineers has signed the larger of two new leases at 105 Madison Avenue, Commercial Observer has learned.

The tenant has signed a 14.5-year deal for the entire, 13,350-square-foot sixth floor of the building. The firm will relocate from its current headquarters at 31 West 27th Street between late October and mid-November of this year, according to Paul Davidson of Newmark Grubb Knight Frank, who represented the landlord, A&R Real Estate. Read More

Lease Beat

Four New Tenants Sign Midtown South Leases [Updated]

245 Fifth Avenue

The Moinian Group and Thor Equities inked deals for four new tenants totaling 40,397 square feet in their 26-story building at 245 Fifth Avenue just north of Madison Square Park, Commercial Observer has learned.

E-commerce reviewer service TrustPilot and skin care and spa provider Anti-Aging America each signed for 13,627 square feet for the entire fourth and sixth floors of the building, respectively, while ad agency Wednesday NY will move into the 8,916-square-foot 25th floor later this year and the nonprofit research organization the Families & Work Institute will occupy a 4,227-square-foot area on the 10th floor of the building. Read More

Lease Beat

Jane Street Inks Brookfield Place Lease

250 Vesey Street.

Jane Street Capital has signed a 15-year lease for 114,000 square feet at 250 Vesey Street, sources confirmed with Commercial Observer.

The lease covers a portion of the fourth floor and the entire fifth and sixth floors of the building. The trading firm will relocate to Brookfield Place from One Liberty Plaza, another Brookfield property. Jane Street will pay rent in the mid-$50s per square foot, one source said. Read More

Lease Beat

Samsung Seals Deal at 837 Washington Street [Updated]

837 Washington Street.

Samsung Electronics North America has confirmed it is leasing the entire 55,000-square-foot building at 837 Washington Street, the Wall Street Journal reported, using the space to house its brand marketing team and to showcase business mobile products. The deal was signed early last night, Paul Pariser, co-chief executive officer of Taconic Investment Partners, told Commercial Observer.

As CO first reported, the electronics company was close to finalizing a deal last month in the six-story building developed by Thor Equities and Taconic. The asking rent on the ground floor at the glass building, which is between Little West 12th and 13th Streets, was $500 per square foot, a source previously told CO. The asking rent for the floors above was $120 per foot and the asking rent for the below-grade space was $100 per foot, Mr. Pariser said, noting that they provided “market concessions.” Read More

Lease Beat

Marketing and Fashion Companies Ink Soho, Flatiron District Leases [Updated]

7 West 18th Street

Cast Iron Real Estate brokers Beth Chase and David Barreto signed new tenants into spaces at 580 Broadway in Soho and 7 West 18th Street in the Flatiron District, the company announced today.

Copenhagan-based jewelry and homeware retailer Georg Jensen has moved its U.S. corporate staff into a 3,200-square-foot office and showroom space for five years with asking rents of $58 per square in Soho, and marketing and events planner Pop2Life will soon relocate from 247 Centre Street into a 4,200-square-foot office on the sixth floor in the Flatiron area for five years with asking rents of $50 per square foot, the brokers said. Read More

Lease Beat

Lulu, ‘Yelp for Men,’ Setting Up Shop in Midtown South

24-28 West 25th Street.

Lulu, the online dating app for women, is heading to the United States, with an office in Midtown South. The new space is at 24-28 West 25th Street, between Broadway and Avenue of the Americas, Lulu told Commercial Observer.

The dating site, which launched in February 2013 and allows women to anonymously review and grade men in the sack (and for other attributes), tapped architect West Chin to design the 5,500-square-foot space. Read More

Lease Beat

Nonprofit, Insurance Company Sign Big Seaport Leases

199 Water Street

The nonprofit Center for Reproductive Rights and the Allied World Assurance Company signed new leases for more than 53,000 square feet at Jack Resnick & Sons199 Water Street building, Commercial Observer has learned.

The separate deals will move the advocacy organization into a 36,985-square-foot space for 10 years on the 22nd floor of the 35-story tower by early 2015 and expand the insurance firm’s space by 16,296 feet on the 29th floor for 15 years to a collective 159,593 square feet in the structure that’s adjacent to South Street Seaport. Read More