Lease Beat

Lease Beat

Equinox Is Katz’s New Neighbor

Katz's Delicatessen.

You can get a little extra pastrami on rye without too much guilt now.

Equinox, the high-end fitness center, is opening a 30,000-square-foot gym next door to Katz’s Delicatessen on the Lower East Side. It will take up the entire second and third floors of the development at 196 Orchard Street between East Houston and Stanton Streets, according to The New York Post. Read More

Lease Beat

Bourdain Market’s NYC Location Revealed: Pier 57

Pier 57.

Food celebrity Anthony Bourdain has zeroed in on a location for his Bourdain Market: Pier 57 in the Meatpacking District, Commercial Observer has learned.

The chef is in negotiations for 100,000 square feet at the long-abandoned former shipping and passenger terminal at Pier 57, and the food hall will comprise nearly the entire retail portion at the 560,000-square-foot Pier 57, renamed “SuperPier,” at West 15th Street and the Hudson River, sources with knowledge of the deal said. Apparently the TV host is negotiating directly with the developers. Read More

Lease Beat

Office Supply King WB Mason Opens Distribution Center in the Bronx

The warehouse at 1150-1170 Commerce Avenue in the Bronx. (image: Google Maps)

WB Mason, the Massachusetts-based office supply company, is opening its first distribution center in New York at a Bronx warehouse, The Real Deal reported.

According to TRD, the company signed a 10-year lease for 173,00 square feet at 1150-1170 Commerce Avenue in the Castle Hill area of the borough. The lease also includes 66,000 square feet of off-street parking and a loading zone area. The property was built in 1958 and is part of the Zerega Industrial Park.  Read More

Lease Beat

Startup Takes Full Floor at Moinian’s 60 Madison Avenue

60 Madison Avenue.

Eyeview, an online video production company, has inked a five-year deal for office space at 60 Madison Avenue.

The tech company will be taking 18,783 square feet for the entire fourth floor of the 12-story Midtown South building, according to JLL, which represented the landlord. It’s relocating from 29 East 19th Street between Broadway and Park Avenue South—half a mile away from its new office. Read More

Lease Beat

PayPal Relocates To 95 Morton Street in West Village

95 Morton Street.

Online payment system PayPal is moving from its current location at 625 Avenue of the Americas in Chelsea to 95 Morton Street at the corner of Washington Street in the West Village, according to The New York Post.

The company will expand from 35,000 square feet to 95,000 square feet with the 12-year deal. The location will serve as PayPal’s New York City headquarters, though its global headquarters will remain in San Jose, Calif.  Read More

Lease Beat

NYC Charter School Center to Stay at Trinity Building

111 Broadway (Photo: CoStar).

Nonprofit NYC Charter School Center is remaining at Trinity Building at 111 Broadway in Lower Manhattan for another 10 years, JLL announced.

NYC Charter School Center, which helps new charter schools get started and supports existing schools, leases 9,304 square feet in Capital Properties‘ 21-story, 485,000-square-foot landmarked building at Broadway and Thames Street, which, along with 115 Broadway, is called Trinity Centre. Rents in the building typically are around $49 per square foot, according to CoStar Group. Read More

Lease Beat

Digital Media Company Grows HQ to 19,500 SF in Garment District

462 Seventh Avenue.

Vocativ, a digital media company that “explores the deep Web to discover original stories, hidden perspectives, emerging trends and unheard voices from around the world,” will expand its headquarters to roughly 19,500 square feet at 462 Seventh Avenue.

According to a press release issued by the Kaufman Organization, the landlord of the property that sits between West 35th and West 36th Streets, Vocativ has signed a 10-year lease on the entire fourth and fifth floors. The company moved into the building in 2013, with 7,200 square feet on the 20th floor. Read More

Lease Beat

NYC Renews 100,000 SF at Jack Resnick Property in East Harlem

Jack Resnick & Sons' 2322 Third Avenue.

The City of New York has renewed its lease for the entire building, or approximately 100,000 square feet of office space at 2322 Third Avenue between East 126th and East 127th Streets, a property that is owned by Jack Resnick & Sons.

According to a press release issued by the landlord, the city has signed a 20-year renewal deal at the five-story property, which was built by the firm in 1973. Read More

Lease Beat

Bliss Moving Downtown With Brookfield Place Office Deal

200 Vesey Street.

Bliss spa is moving its offices from 75 Varick Street to Brookfield Place in a 15,407-square-foot deal, Commercial Observer has learned.

The massage, facial and pedicure chain took part of the 25th floor at 200 Vesey Street in a 10-year deal, according to John V. Wheeler, a managing director at JLL. The asking rent, he said, was in the low-$60s per square foot, and Bliss should be relocating imminently. Read More

Lease Beat

Regus Expands Footprint With 23K SF in Chelsea


Regus, the global office-sharing giant that already has multiple locations in New York City and the greater metropolitan area, has signed a 10-year lease for 23,000 square feet in Chelsea, according to The Real Deal.

The company will occupy the entire sixth floor at 112 West 20th Street between Avenue of the Americas and Seventh Avenue. The property is owned by the Kaufman Organization, which has 48 buildings throughout the tri-state area in its portfolio. Read More

Lease Beat

Grocery Startup Signs Lease for First New York Office

580 Broadway.

Instacart, a San Francisco-based grocery delivery company, has inked a deal for its first space in New York City.

The tech startup is taking about 3,000 square feet at 580 Broadway in Soho, according to a broker involved in the deal, for three years. Asking rent was $62 per square foot in the 12-story building between East Houston and Prince Streets. Read More

Lease Beat

Italian Designer Inks Deal at 680 Madison for Flagship

680 Madison Avenue.

Brioni, an Italian men’s fashion company, has inked a deal for the first two retail levels of 680 Madison Avenue, according to the landlord, Thor Equities.

The clothier is taking 7,000 square feet for its flagship store on the ground level and second floor in a new lease, the landlord announced, which closed on Tuesday. Asking rent in the building between East 61st and East 62nd Streets was $2,000 per square foot, per a Thor Equities spokesman. Read More

Lease Beat

Smarsh Moves To Savanna’s 110 William Street

110 William Street.

Smarsh, Inc., the Portland, Ore.-based tech company that delivers cloud-based archiving solutions for information-driven enterprises, is moving to 110 William Street.

According to a spokeswoman for Savanna, the New York-based real estate private equity and asset management firm that owns the property, Smarsh will occupy roughly 4,475 square feet on the 18th floor of the property. The company signed a seven year lease. Read More

Lease Beat

767 Third Avenue Nails Renewal, Direct Leases for 7,450 SF Each

767 Third Avenue.

BRP Development Corporation and Brafman & Associates, a criminal defense law firm, have inked deals for 7,450 square feet each at 767 Third Avenue, Commercial Observer has learned.

The real estate firm, which specializes in mixed-use development, signed a five-year deal last week for the whole 33rd floor of the 40-story building between East 47th and East 48th Streets. Brafman & Associates, which has been in the building for 20 years, renewed its lease for the entire 26th floor for three years, according to landlord the William Kaufman Organization. Read More