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Lease Beat

By Al Barbarino 5/09 12:17pm

Lease Beat

One Penn Plaza

Presidio/Blue Water Merger Spurs New One Penn Plaza Lease

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

By Gus Delaporte 5/09 11:15am

Lease Beat

11broadway

Goldstein Hill & West Architects Expands at 11 Broadway

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

By Billy Gray 5/09 7:45am

Lease Beat

59 Maiden Lane

Law Firm Douglas & London, PC Signs 14,807-Square-Foot Deal at 59 Maiden Lane

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

By Billy Gray 5/08 12:02pm

Lease Beat

184 Kent (Credit: Fortis Properties)

Williamsburg Pizzeria La Nonna Expanding to Luxury Building 184 Kent This August

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

By Al Barbarino 5/07 7:45am

Lease Beat

(Credit: Sweet Green)

Sweetgreen Eatery Crunches Down in TriBeCa With 10-Year Lease

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

By Michael Ewing 5/03 1:00pm

Lease Beat

Courtesy of the Real Deal

Regus Inks 32,000 Square Feet at Minskoff’s 101 Sixth Avenue

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

By Michael Ewing 5/03 9:00am

Lease Beat

images (6)

Lanier Law Firm Expands at Tower 56

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

By Gus Delaporte 5/02 7:30am

Lease Beat

BankofAmericaTower

In Continuing Trend, Funds Negotiate Sublease at One Bryant Park

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

By Billy Gray 5/01 12:27pm

Lease Beat

386 Park Avenue South

Profero Signs for 13,121 SF at Billy Macklowe’s Tech Magnet 386 Park Avenue South

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

By Gus Delaporte 5/01 11:30am

Lease Beat

800px-Bonobo-04

Men’s Apparel Brand Bonobos Signs Soho Lease

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

By Billy Gray 5/01 7:30am

Lease Beat

330 Seventh Avenue

DHA Capital Signs 4,450-Square-Foot Lease at 330 Seventh Avenue

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

By Al Barbarino 4/30 2:09pm

Lease Beat

257 Park Ave South

Environmental Defense Fund Renews 44,000 SF at 257 Park Avenue South

The non-profit Environmental Defense Fund has signed a long-term renewal for 44,010 square feet at The Feil Organization’s 257 Park Avenue South, the company announced today.

The EDF plans to implement several sustainability features in its new space at the building, which features brick masonry and terracotta adorned by gargoyles and Art Deco graphics.

“This is the perfect site and perfect building for the Fund to be in,” said Robert Fisher, director of commercial leasing for Feil, the building owner and manager, in a statement.  Mr. Fisher represented ownership with Brian Feil, the firm’s vice president of leasing.

“We have a great location near Union Square and Gramercy Park and 13.5-foot ceilings that offer extraordinary amounts of natural light and spectacular views of Gramercy Park,” Mr. Fisher added. Read More