1156 Avenue of the Americas Signs Three, Totaling 12,733 Square Feet
Daniel Edward Rosen Sept. 21, 2012, 5:32 p.m.
1156 Avenue of the Americas has signed three tenants to a total of 12,733 square feet at the APF Properties-owned building, bringing its occupancy rate t0 100 percent, The Commercial Observer has learned.
Diamond company Lieber & Solow renewed its lease and expanded its footprint at the 4th of the 75,416-square-foot Class B building. Lieber & Solow will now be occupying a total of 7,773 square feet in its new 10-year lease, and will a majority of the 4th floor after sports firm Excel Sports Management vacated the space for a 9,000 square foot office at 1700 Broadway in March before its lease expired in August.
“Business is good, they been in the building for over six years, and they wanted to renew and expand and extend their lease,” said Kenneth Aschendorf, principal of APF Properties, said of Lieber & Solow.
Also taking space at the 4th floor of 1156 Avenue of the Americas is Miniclip, an independent online games site. That company took a 1,630-square-foot space that also previously belonged to Excel Sports Management. Miniclip’s lease is for 5-years.
China Telecom, the fourth-largest telecommunications firm in China, will open its first office in New York City by taking a 3,330-square-foot pre-built space at the 6th floor of the building.
Asking rents in the building are in the high-$40s-per-square-foot.
Cushman & Wakefield’s David Rosenbloom, Joshua Goldman, and Emily Weber represented Lieber & Solow, Miniclip and ownership in these transactions. Jonathan Fales and Michael Tranfalia of Cushman & Wakefield’s Strategic Agency Services Group also represented APF Properties and Lieber & Solow and Miniclip in the lease deals.
China Telecom was represented by Yuan Tang and Clyde Reetz, both of CBRE.
Mr. Aschendorf cited the recent improvements made for 1156 Avenue of the Americas as one of the reasons the building now is 100 percent leased.
“In our business, happiness is a full building,” he said in a statement.