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Lease Beat

Lease Beat

Big East Conference Moving to Big Apple

Providence forward Kadeem Batts (10) dunks on Xavier's Matt Stainbrook (40). (Credit: Frank Victores, USA TODAY)

The Big East Conference is betting on the Big Apple to help usher in a new era.

The reconfigured conference has chosen The Durst Organization’s 655 Third Avenue in Midtown as its official headquarters after cutting a 10-year, 13,742-square-foot lease across the seventh floor of the 30-story property. Read More

Lease Beat

Alcoa Renews Lever House Lease

Lever House.

Alcoa has signed a renewal for its 21,452-square-foot space at RFR Realty’s Lever House at 390 Park Avenue, Commercial Observer has learned.

The global lightweight metals engineering and manufacturing company occupies the entire seventh and eighth floors of the building. The term of the lease was not disclosed. Read More

Lease Beat

Hale & Hearty Takes Space in MetroTech Center

2 MetroTech Center

Hale & Hearty Soups will be opening at 2 MetroTech Center in Downtown Brooklyn this fall after signing a 10-year lease for 1,760 square feet, MetroTech Center developer Forest City Ratner Companies announced.

New York-based Hale & Hearty, which has 30 locations in Manhattan, Brooklyn and Long Island, sells sandwiches made with artisanal breads, salads and 15 to 20 different soups per day. All soups are made from scratch in Hale & Hearty’s Brooklyn kitchens. Read More

Lease Beat

The Children’s Place Coming to Flushing Mall [Updated]

40-24 College Point Blvd.

Children’s apparel and accessories store The Children’s Place will be setting up shop at The Shops at SkyView Center in Flushing, Queens.

The new digs will occupy 3,799 square feet on Level B, the Wall Street Journal reported. The asking rent was $75 a foot for the 10-year lease. The Children’s Place brings the mall to 95 percent leased and the mall’s developer, Onex Real Estate Partners, is reportedly talking to two other national children’s retailers for the remaining two spaces. Read More

Lease Beat

Fabric Supply Company Trades Long Island for Midtown South

381 Park Avenue South.

Source 360, a supplier of industrial and home furnishings fabrics, has signed a 10-year lease for a 2,407-square-foot portion of the 13th floor at ATCO Properties381 Park Avenue South, Commercial Observer has learned. Asking rent for the space was $55 per square foot.

The tenant, an affiliate of Next Fabrics, is expected to relocate from its Port Washington headquarters on Long Island this summer. Read More

Lease Beat

Winton Capital Signs Lease at the Seagram Building

375 Park Avenue.

Winton Capital, a U.K.-based investment management firm, has signed a 4,100-square-foot lease at the RFR Realty-owned Seagram Building at 375 Park Avenue, Commercial Observer has learned. The tenant will take pre-built space on the 36th floor of the Plaza District property.

Headquartered in London, Winton Capital was founded by David Harding in 1997 and boasts approximately $24 billion in assets under management. The Wall Street Journal first reported the fund’s plans to open a New York office earlier this year.  Read More

Lease Beat

Renewable Energy Markets Firm Inks 675 Third Avenue Lease

675 Third Avenue. (Credit: PropertyShark.)

Karbone, a renewable energy and environmental markets firm, has signed a lease for a 4,351-square-foot portion of 30th floor at the Durst Organization’s 675 Third Avenue, Commercial Observer has learned. Asking rent for the pre-built space was $60 per square foot.

The tenant is currently headquartered at 130 West 42nd Street and will relocate next month.  Karbone, which operates an additional office in London, provides brokerage, capital advisory and research services for new energy asset classes, including carbon credits, emission permits and clean fuels. Read More

Lease Beat

Financial Data Firm Consolidates at 90 Park [Updated]

90 Park Avenue

FactSet Research Systems, which provides analytics and content to the financial industry, has consolidated its space and renewed its lease at 90 Park Avenue between 39th and 40th Streets.

The financial data firm will now have 102,000 square feet spanning the entire 7th, 10th and 11th floors of the 1 million-square-foot tower, according to Crain’s, rather than be spread throughout the building. Read More

Lease Beat

DEA Moving to Brookfield Place

250 Vesey Street.

The Drug Enforcement Administration’s New York Organized Crime Drug Enforcement Task Force (OCDETF ) Strike Force reportedly signed a lease for 56,000 square feet at 250 Vesey Street, one of the five office towers that make up Brookfield Place.

The OCDETF Strike Force is taking the entire 19th floor and will move upon the expiration of its current lease at 85 10th Avenue. Read More

Lease Beat

RCM Technologies Takes Space at Cohen Brothers’ Storied Westchester Complex

333 Westchester Avenue.

Technology company RCM Technologies is relocating its Westchester County offices to Charles Cohen’s 333 Westchester Avenue.

The company, which has 25 offices in metros across North America, including one at 575 8th Avenue in Manhattan, signed a 9,000-square-foot lease for a portion of the second floor in the East Building of the 39-acre, 500,000-square-foot White Plains office campus. Read More

Lease Beat

Novus Partners Signs 200 Park Avenue Sublease

Met Life Building. (Credit: Tishman Speyer)

Novus Partners has signed a sublease from British bank Barclays at the MetLife Building at 200 Park Avenue, Commercial Observer has learned.

The financial data analytics business signed a short-term deal for an 18,375-square-foot portion of the 27th floor. The company will relocate from 130 East 59th Street on a deal through May 2017.  Read More