Alliance Mechanical Group is relocating to 15 West 39th Street between Fifth Avenue and Avenue of the Americas from nearby 1407 Broadway between 38th and 39th Streets, Commercial Observer has learned.
The mechanical engineering company, which handles heating, ventilation, air conditioning and mechanical contracting, took 4,700 square feet, or the entire 10th floor, in the building, according to Philip Silverstein of Silverstein Solutions, the leasing agent for the building who also represented the tenant in the deal. The lease is for five years and the asking rent was $42 per square foot, Mr. Silverstein said.
With last week’s lease, the Northern Star Realty-owned, 16-story, 82,000-square-foot commercial building is 100 percent leased. It contains a retail unit with a mezzanine and 15 office floors above.
“They’re currently in the neighborhood and enjoy the convenience of being near the major transportation hubs,” Mr. Silverstein said, noting that Alliance Mechanical is slated to move in the early first quarter of 2015.