Topic:

Lease Beat

Lease Beat

Social Services Organization Relocating to Broad Street

75 Broad Street (Photo: CoStar).

The Committee for Hispanic Children & Families is moving to 75 Broad Street, Commercial Observer has learned, to 9,429 square feet on part of the sixth floor.

Asking rent in the 10.5-year deal was $43 per square foot, according to CoStar and a person with knowledge of the deal. The agency will be moving from a 14,000-square-foot sublet at 110 William Street to its new digs around October. Read More

Lease Beat

Ad Tech Company Takes 12,083 SF at 44 West 28th Street

44 West 28th Street.

Yellowhammer Media Group, an advertising technology company, is moving to new digs in NoMad to accommodate the firm’s growth, brokers in the deal told Commercial Observer.

The firm took 12,083 square feet, or the entire fourth floor, at 44 West 28th Street between Broadway and Avenue of the Americas in a 10-year deal, according to a spokeswoman for Newmark Grubb Knight Frank. NGKF’s Bernard Weitzman and Jordan Brustein represented Yellowhammer in the deal. The asking rent was $54 per square foot. Read More

Lease Beat

Fairway Inks Deal for Second Brooklyn Market

fairway logo

Bring a Wegmans to Brooklyn, and Fairway raises with a second location.

The grocery store has inked a 20-year deal to open an outpost at the Georgetown Shopping Center in the Bergen Beach section of the borough, property records show. Fairway is taking 40,000 square feet currently used by a Waldbaums at 2149 Ralph Avenue, according to The Real Deal, which first reported news of the lease. Read More

Lease Beat

Video Ad Software Company Heads to 114 Fifth Avenue

114 Fifth Avenue.

TubeMogul, a publicy traded enterprise software platform for digital branding, is relocating to 114 Fifth Avenue at the southwest corner of West 17th Street from the Union Building to accommodate the company’s anticipated growth, brokers in the deal told Commercial Observer.

Emeryville, Calif. based Tubemogul has subleased the entire ninth floor, totaling 19,326 square feet, at the L&L Holding Company building from online news venture First Look Media, which holds a 10-year lease for the floor (First Look Media has additional space in the building) expiring June 2024. CO first reported news of First Look Media’s lease in the building in March 2014.  Read More

Lease Beat

Morton Williams Wine & Spirits Opening Park Ave. South Store

270 Park Avenue South.

Morton Williams Wine & Spirits is opening its second Manhattan store, Commercial Observer has learned. The new 4,325-square-foot location will be at 270 Park Avenue South between East 21st and East 22nd Streets, in a space previously occupied by Emma’s Dilemma deli.

The upscale fine wine and spirits retailer is an offshoot of the Morton Williams Supermarkets chain found in Manhattan (there is one supermarket at 278 Park Avenue South), the Bronx and New Jersey. Morton Williams Wine & Spirits has one Manhattan location at 311 East 23rd Street between First and Second Avenues. Read More

Lease Beat

Tech Company Relocates from Midtown South to LIC

30-30 47th Avenue (Photo: CoStar).

Applied Research & Consulting has inked a deal to move its office from Midtown South to Long Island City, Commercial Observer has learned.

The data analysis company signed a lease for more than 3,567 square feet at The Factory, according to landlord Atlas Capital Group. It will take space on the fourth floor of the 10-story building between 30th Place and 31st Street. Read More

Lease Beat

Law360 Consolidates in Chelsea, Leaves Union Square

111 West 19th Street.

Law360, a legal trade publication, is consolidating its office space to two full floors at 111 West 19th Street in Chelsea, moving from its two locations in Union Square. The company is taking 46,000 square feet across two floors in the 10-year lease, according to the Kaufman Organization.

Asking rent in the building between Seventh Avenue and Avenue of the Americas was in the mid-$60s per square foot, according to the landlord. Law360 is planning to move into the new space by November, per a Kaufman Organization spokesman, and will take the fifth and sixth floors. Read More

Lease Beat

Internet Clothing Company Moves to The Factory

30-30 47th Avenue (Photo: CoStar).

An online clothier is moving across Sunnyside Yards to a new office in Long Island City, Commercial Observer has learned.

Gwynnie Bee, a women’s apparel company that lets customers rent clothes, inked a deal for 12,700 square feet at 30-30 47th Avenue between 30th Place and 31st Street, according to landlord Atlas Capital Group. The company is moving into the fifth floor of the 1-million-square-foot building, also known as The Factory. Read More

Lease Beat

Real Estate Tech Company Inks Sublease at 45 West 25th Street

45 West 25th Street.

A real estate tech company is moving to 45 West 25th Street to take an entire floor.

Commercial Observer has learned SiteCompli, a seven-year-old company which collects information on building compliance for landlords and managers, inked a sublease to take a total of 11,000 square feet for the whole third floor, according to a source familiar with the deal. The company is subleasing the space for two years from Bonobos, which leases four floors in the 11-story building between Avenue of the Americas and Broadway. Read More

Lease Beat

Advertisers Group Renews, Expands at Commerce Building

708 Third Avenue.

The Association of National Advertisers has renewed and expanded its headquarters at 708 Third Avenue between East 44th and East 45th Streets, The New York Post reported. It gives the advertisement advocacy group six floors in the 35-story structure, also known as Commerce Building.

ANA originally leased almost 23,000 square feet, which was spread out between the second, 23rd and 32nd through 35th floors. Now it’s adding 17,865 square feet, or the entire 17th floor, in the expansion for a total of 40,816 square feet. Read More

Lease Beat

Bitly Inks Deal for Larger Office in Flatiron District [Updated]

139 Fifth Avenue.

The company known for creating short links is taking a larger cut of office space for its headquarters.

Bitly, which compacts website links for sharing on social media and messages, inked a deal for 11,000 square feet at 139 Fifth Avenue between East 20th and East 21st Streets, according to landlord Thor Equities. The tech firm is taking the fifth and sixth floors of the six-story building. Read More

Lease Beat

Smoke Shop Heading Around the Corner in Lower Manhattan

126 Pearl Street (Photo: CoStar).

Barclay Rex, New York City-based seller of cigars, pipes and humidors since 1910, will relocate its 90 Water Street shop (always meant to be temporary) and expand greatly just around the block to 126 Pearl Street early next year.

Located on the east side of the Financial District, 126 Pearl Street was built in 1920. The building consists of 3,300 square feet of ground-floor and lower-level space, a 350 square foot loft and three 1,400 square foot upper-level floors. The tobacconist will lease all four floors, using the ground and second floors for a retail shop and lounge. Read More