Consulting Firm Expands at Rudin’s 845 Third Avenue
Lauren Elkies Schram May 14, 2014, 1:24 p.m.
International consulting firm K2 Intelligence will be spreading into more than 55,000 square feet on three floors at 845 Third Avenue between 51st and 52nd Streets.
The nine-year deal includes a lease of 15,440 square feet on the 15th floor and a sublease of 15,000 on the 13th floor, Crain’s reported. In addition, the firm already sublets the entire 25,506 square feet on the fourth floor of the Conference Board Inc.’s lease, as Commercial Observer previously reported.
Studley‘s David Carlos represented K2 in the deal and Robert Steinman of Rudin Management Company represented the owner, the Rudin family, at the 21-story building.
“Midtown East is where you can still get great value in Class A assets,” Mr. Carlos told Crain’s.
Mr. Carlos said the asking rents in the area typically peak at $60 per square foot.
Three other firms took new leases or renewed in the building: Cohere Communications, a technology service provider, SeniorBridge Family Companies, an eldercare organization and The Sports Authority.
The 350,000-square-foot Class A building was designed by Emory, Roth & Sons and was constructed in the 1990s.