Macro Consultants Doubled Lease at 1040 Avenue of the Americas
Michael Ewing July 9, 2012, 8 a.m.
Macro Consultants LLC has doubled their lease at Skyline Developer’s 1040 Avenue of the Americas.
The professional consulting and project management firm currently occupies 9,085 square feet on the ninth floor of the building and will be taking an additional 9,873 square feet on the fifteenth floor for a total of 18,958 square feet.
An exclusive leasing agent team from Newmark Grubb Knight Frank consisting of William Cohen and Ryan Kass served as the sole brokers in the transaction. The asking rent was $49 per square foot and the lease was set for ten years.
Macro Consultants is expected to move in to the new space in December.
“In one month, Skyline Developers has signed four new leases at 1040 Avenue of America totaling over 37,000 square feet – bringing the building’s occupancy to 98%,” said Orin Wilf, president of Skyline Developers, in a prepared statement. “Since acquiring the building almost five years ago, we have helped establish it as one of the premier office buildings around Bryan Park, one of the busiest submarkets in Midtown.”
“Skyline Developers is one of the most prominent landlords in today’s market that is offering new tenants a customized, high-end, fully built-out office space,” added Mr. Kass in the statement.
In addition to 1040 Avenue of the Americas, Skyline Developers owns and manages five buildings in Manhattan: Rockefeller Townhouses, 41 Broad Street, 265 Madison Avenue, and the Tower at 20 West 55th Street. It is a subsidy under Garden Homes Development whose portfolio boosts over 50,000 apartment units and 25,000,000 square feet of retail centers, office buildings, and hotels across the United States.