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Leasing Assignments

Leasing Assignments

Transwestern to Lease Olympic Tower, Home to the NBA

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Transwestern has been awarded the exclusive office leasing assignment for Olympic Tower at 645 Fifth Avenue, home to the National Basketball Association

The 18-floor, 400,000-square-foot office building along Fifth Avenue, between 51st and 52nd Streets, in the Plaza District offers expansive views of Fifth Avenue, Rockefeller Center and the spires of St. Patrick’s Cathedral.

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Leasing Assignments

C&W Loses Brokers But Retains Agency at 535-545 Fifth Ave.

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Last month, Cushman & Wakefield lost broker Andrew Sachs to Newmark Grubb Knight Frank in what could have been a blow to the firm’s leasing assignment at The Moinian Group’s 535-545 Fifth Avenue. After careful consideration, however, the landlord elected to stick with C&W and Bruce Mosler will lead a new leasing team at the East Midtown building.

“We are sorry to see the old team go,” said Gregg Weisser of the Moinian Group. “We certainly had an opportunity to look at other teams and other companies and we did that but there’s something to be said for feeling comfortable with the people you work with, C&W does that for us.” Read More

Leasing Assignments

NGKF Takes Over as Leasing Agent at One Liberty Plaza

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Newmark Grubb Knight Frank has been hired as the leasing agent for One Liberty Plaza, landlord Brookfield Office Properties announced today.

“We are pleased to have the Newmark Grubb Knight Frank team in place to help us lease the upcoming block at One Liberty Plaza,” said Jerry Larkin, the senior vice president of leasing at Brookfield, in a prepared statement. “The building’s direct access to Fulton Street Transit Center and the World Trade Center Transit hub, its column-free space, ample infrastructure and spectacular views provide a unique value opportunity for prospective tenants.” Read More

Leasing Assignments

Madison Marquette Picks NGKF to Market Center Building in LIC

The Center Building

Madison Marquette has selected Newmark Grubb Knight Frank to market The Center Building in Long Island City, which city records show the firm and its partners purchased for $84.5 million late last year.

The 500,000-square-foot building at 33-00 Northern Boulevard, a former assembling plant for Ford Model T’s, hit the market last year when Brooklyn-based Hampshire Properties announced that it had concluded its renovation at the property.

At the time, The Real Deal reported that Hampshire had brought the property up to 100 percent occupancy, but that the lease of its anchor tenant, the Metropolitan Transportation Authority, would expire in two years.

“There is undeniable value given The Center Building’s location, space and amenities,” said NGKF’s Howard Kesseler, who will represent ownership with Jordan Gosin, in a statement. Read More

Leasing Assignments

Cushman & Wakefield Marketing 100,000 SF Being Vacated by Pearson at 1330 Avenue of the Americas

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Cushman & Wakefield has been appointed by RXR Realty as the exclusive leasing agent for roughly 100,000 square feet being vacated by Pearson at 1330 Avenue of the Americas, where ownership recently completed a capital improvement program and a rare signage opportunity awaits a prospective anchor tenant.

Floors 7 through 10, 14, 16 and 17 will come online in the 40-story trophy building in January 2014, after Pearson vacates the space, freeing up four sides of illuminated signage atop the building (the signage is currently branded “FT” for Pearson-owned Financial Times) for the new tenancy to broadcast its image into the Manhattan skyline.

“We want it to be the right image for the right company, and one that takes a meaningful presence in the building,” said William Elder, leasing director with RXR Realty.  “This is a very rare opportunity that allows for top of building signage just outside of Times Square. Read More

Leasing Assignments

Cushman & Wakefield to Lease 1250 B’way

Cushman & Wakefield's Mitch Arkin (R), seen here with Jeff Roseman (L) (Photo courtesy of Patrick McMullan)

Cushman & Wakefield has been tapped as the exclusive leasing agents for 1250 Broadway, a 773,887-square-foot, Class A office building that is jointly owned by Jamestown Properties and Murray Hill Properties, The Commercial Observer has learned.

A leasing team headed by Mitch Arkin, Peter Alden and Michael Blanchard will be joined by Courtney Adham and Lauren Hayes from Cushman & Wakefield’s Strategic Agency Services Group. Read More

Leasing Assignments

Colliers Named Agent for 245 Fifth Avenue

Colliers

Brokerage firm Colliers International has been named the exclusive leasing agent for 245 Fifth Avenue, a Midtown South building co-owned by The Moinian Group and Thor Equities.

The 303,000-square-foot Class A building has received pre-build improvements to its mid-level and tower floors, which will have an added emphasis on high-end finishes and glass front offices, the company said in a press release. Sizes for those floors range from 2,000 to 9,000 square feet. Read More