Pottery Barn Teen signed a six-year, 1,650-square-foot lease renewal at 1451-1455 Second Avenue on the Upper East Side, The Commercial Observer has learned.
Mark Finkelstein of Retail Strategies represented the tenant. Bruce Spiegel and William Bergman, both of Rose Associates, represented the landlord, Storepark LLC. Asking rents were between $100 and $150 a square foot. Read More
IT-solutions firm Presidio Networked Solutions has signed a long-term, 14,106-square-foot lease at One Penn Plaza following its acquisition of BlueWater Communications LLC.
The two firms will move from the separate spaces they occupied on the 19th and 16th floors, respectively, consolidating onto the 28th floor.
“They wanted to put both companies together in an efficient office environment that would be conducive to business,” John Pavone of DTZ, who represented the tenant with Nick Bates, told The Commercial Observer. Read More
Goldstein Hill & West Architects has expanded by 2,500 square feet at 11 Broadway, bringing the firm’s total occupancy to approximately 11,000 square feet. Asking rents were in the mid-$30s per square foot.
“We love this building and we love this location,” Stephen Hill, partner at GHWA told The Commercial Observer. “We are spoiled with views of the harbor; we wouldn’t want to be anywhere else.” Read More
The malpractice law firm Douglas & London, P.C. inked a 10-year deal for 14,807 square feet at 59 Maiden Lane, The Commercial Observer has learned.
Brad Gerla and Jeff Sharon of CBRE represented the tenant, which will relocate from 111 John Street this August. Rob Sattler, Hal Stein and Brian Waterman of Newmark Grubb Knight Frank represented the landlord, AM Trust. Asking rent was $36 per square foot. Read More
The Bedford Avenue pizzeria La Nonna will add a second Williamsburg location after signing a 15-year lease for 3,761 square feet at the luxury rental building 184 Kent. The pie slinger will join Soul Cycle (which opens this weekend), Pudge Knuckles Coffee and Pure Cleaners in the waterfront property’s 18,000-square-foot retail base.
The tenant represented itself in the transaction. Geoff Bailey of TerraCRG represented the landlord, JMH Development. Mr. Bailey said asking retail rent is $65 a foot. Read More
Boyce Technologies inked a seven-year, 6,200-square-foot lease renewal at the Trump Organization‘s 40 Wall Street, The Commercial Observer has learned.
Brad Gerla and Jeff Sharon of CBRE represented the tenant, a contracting firm. Jeffrey Lichtenberg, Jared Horowitz and Andrew Peretz of Cushman & Wakefield represented Trump. Asking rent was $35 per square foot. Read More
Muss Development has signed AC Physical Therapy to a 10-year, 1,486-square-foot lease at 4434 Amboy Road on Staten Island, The Commercial Observer has learned. Asking rent was approximately $25 per square foot.
“It is a very local, convenient place to work for a lot of people on Staten Island,” said Jason Muss, principal at Muss Development. Read More
Washington, D.C.-based fast casual salad eatery sweetgreen is coming to TriBeCa after signing a 10-year lease at 413 Greenwich Street, The Commercial Observer has learned.
The 1,100-square-foot space was the perfect opportunity for the rapidly expanding restaurant to break into the New York City market, while taking advantage of the residential and office population in the neighborhood.
“There’s no concept like them in the neighborhood and they will leverage the demand from the Citibank headquarters across the street,” said Newmark Grubb Knight Frank’s Ross Kaplan, who represented the landlord, a longtime owner of the single space building, with Jason Pruger. “We had a lot of offers in from restaurants and bars that would stay open late, but the owners wanted something that wasn’t invasive.” Read More
The Luxembourg-based facility manager and business support system Regus will open a new location downtown. The company operates more than 1,400 locations around the world with nearly 60 in the city.
With a lease duration of 10 years, Regus’ latest office boasts 32,000 square feet at 101 Sixth Avenue, an Edward J. Minskoff Equities asset north of Canal Street with steep asking rents of $75 per square foot. Read More
Houston-based law firm Lanier Law Firm will be renewing and expanding its lease in Midtown, brokers told The Commercial Observer.
Currently operating out of a 12,147-square-foot space spanning the entire sixth and seventh floors at 126 East 56th Street, otherwise known as Tower 56, the firm will occupy the eighth floor and increase its foothold to 18,223 square feet. Read More
Manikay Partners has signed a six-year sublease from Marathon Asset Management for 8,828 square feet at One Bryant Park, also known as the Bank of America Tower, it was announced this week.
“We surveyed the market and Manikay was primarily looking for something that was built already with a term of less than 6 years and this fell right into the sweet spot,” Dan Turkewitz, senior vice president at Jones Lang LaSalle, who represented the subtenant, told The Commercial Observer. Read More
The communications agency Profero signed a long-term, 13,121-square-foot lease at 386 Park Avenue South.
Sam King and Gerry Miovski of CBRE represented the tenant, which specializes in digital advertising and marketing. Paul Amrich, Neil King, Ross Zimbalist and Kerry Powers, also of CBRE, represented the landlord, a partnership between William Macklowe Company and Principal Real Estate Investors, LLC. Asking rent was between $50 and $60 a foot. Read More
Bonobos, an e-commerce men’s apparel brand, has signed a 1,500-square foot lease at 35 Crosby Street in Soho, it was announced today.
“This is a great location with many original details and a lot of character,” said Justin Fantasia, associate at RKF, who represented the tenant, in a prepared statement. “Bonobos will garner plenty of foot traffic while maintaining a destination feel off of the hustle and bustle of tourist-heavy Broadway.” Read More
DHA Capital signed a 4,450-square-foot lease at 330 Seventh Avenue, The Commercial Observer has learned.
The real estate investment, development and advisory firm’s seven-year, three-month lease brings it to part of the 19th floor at the Midtown South tower on Seventh Avenue at 29th Street.
Arkady Smolyansky and Michael Hirsch of CBRE represented the tenant. Michael Driezen of Newmark Grubb Knight Frank represented the landlord, Four Star Holding Company. Asking rent was in the high $40 a foot range. Read More
Madison Logic has signed a 24,562-square-foot renewal and expansion at 257 Park Avenue South, landlord The Feil Organization announced today.
The provider of data-powered solutions for B2B advertisers joins non-profit Environmental Defense Fund, which concurrently signed a long-term renewal for 44,010 square feet in the building.
Built in 1912, the 20-story building is located Read More
