Exemplis Corp. Renews 2,216-SF Lease at 11 East 26th Street
Billy Gray Nov. 21, 2013, 7:45 a.m.
Exemplis Corp. inked a 2,216-square-foot lease renewal at 11 East 26th Street.
James Buslik of Adams & Co. represented both the tenant and landlord, East Twenty Sixth Associates, in the transaction. Asking rent was $45 per square foot.
Exemplis, which designs and manufactures office furniture for corporate, government, education, healthcare and hospitality companies, intends to use the space for offices and a showroom.
“They signed a relatively short-term lease, fixed up the whole space and made it a beautiful showroom,” Mr. Buslik said. “They weren’t really looking for a long-term lease, so we agreed to extend them. They wanted to keep it simple.”
This summer, Mr. Buslik brought cevelopment and architecture firm Anbau Enterprises to 5,420-square-foot space in the Madison Square Park area property. He also worked with Project WorldWide and the building landlord on the ad firm holding company’s 12,084-square-foot expansion.
“Activity at the building is going swimmingly,” Mr. Buslik said. “There’s a very strong market over there. We’re about to make another full-floor deal and have been renting it before it hits the market. The lower floors have windows that look out on Madison Square Park and run through the block. [Exemplis’s space] is one of the few divided floors, with a glass front so you can see into the showroom.”
Additional tenants in the 21-story, 217,991-square-foot building include Regency International, Bluewolf Inc., East/West Institute and Turner & Townsend Ferzan Robbins.The Museum of Math takes up the first two floors of 11 East 26th Street, which the architecture firm BKSK gut renovated late last year.