DHA Capital Signs 4,450-Square-Foot Lease at 330 Seventh Avenue
Billy Gray May 1, 2013, 7:30 a.m.
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.
“After exploring the entire market, DHA was impressed by the value and quality of the product that 330 Seventh Avenue was able to offer,” said Mr. Hirsch. “In addition to a brand new high-end prebuilt, we were also able to secure expansion rights for DHA, which was important to them as a growing firm.”
DHA had been sharing space, and this is the firm’s first individual office. Late last year, the company, in a partnership with Continental Properties, closed on the $32 million purchase of a 45,000-square-foot parking garage at 12 East 13th Street. The tenant will move into 330 Seventh Avenue in late June or early July, at which point the landlord will upgrade common corridors and install new bathrooms.
Mr. Driezen could not immediately be reached for comment.