Two Finance Firms Nab Space in West Midtown [Updated]
Lauren Elkies Schram Nov. 18, 2014, 11:41 a.m.
Brightwood Capital Advisors and DH Capital LLC and DH Capital Securities together have taken 26,080 square feet at 810 Seventh Avenue between West 52nd and West 53rd Streets.
As first reported by The New York Post, Brightwood Capital Advisors took 17,320 square feet and DH Capital LLC and DH Capital Securities took 8,760 square feet. Brightwood’s lease is for 10-plus years and spans the entire 26th floor, according to a release from SL Green Realty Corp., the building’s owner. DH Capital’s lease is for seven-plus years and occupies a portion of the 20th floor.
Asking rents in the 750,000-square-foot building are generally between $57 and $65 a square foot, and at $85 per foot on the the top two floors (40th and 41st), according to a spokeswoman for SL Green.
“These transactions are a continuing sign of resurgent leasing activity in Midtown Manhattan,” said Steven Durels, an executive vice president and director of leasing and real property for SL Green, in prepared remarks.
Brightwood signed its lease on Oct. 20 and is expected to move in May 1, 2015 after relocating from a sublease at 1540 Broadway. DH Capital signed its deal on Sept. 16 and is expected to move in on March 1, 2015. The company is also relocating from 1540 Broadway, where it is currently a direct tenant.
Tenants at 810 Seventh Avenue include Humana Insurance Company, Hoplite Capital Management, Insight Communications, Aegis Capital, Omega Advisors, Capstone Capital and Ion Media Networks.
JLL‘s Cynthia Wasserberger represented Brightwood in the transaction, while Allyson Bowen of Savills Studley acted on behalf of DH Capital. Tara Stacom, Barry Zeller, Justin Royce and Scott Silverstein of Cushman & Wakefield represented SL Green in both transactions.
Update: This story was edited to include relocation details about both companies.