Accounting Firm Doubles Size at 1001 Avenue of the Americas
Danielle Schlanger May 20, 2015, 11:01 a.m.
Accounting firm Schulman Lobel has signed a full-floor, 12,017-square-foot lease at 1001 Avenue of the Americas, doubling the size of its presence in the building.
The company, which offers financial and management strategies to individuals and businesses, signed a seven-year lease for the new space. It already occupies another full-floor at the building.
The property at 1001 Avenue of the Americas, owned by a group of executives operating under the LLC 1001 Sixth Associates, is a 24-story office building on the northwest corner of West 37th Street. It has 240,000 square feet and was originally built in 1926.
ABS Partners’ Jay Caseley represented both the tenant and the landlord in the deal.
“1001 Avenue of the Americas has gone through a major transformation,” said Mr. Caseley in prepared remarks. “We refurbished the lobby, added high-speed fiber connectivity and made considerable upgrades to the building systems and common areas. Companies are opting to locate here from NoMad and the Flatiron because our prices are much more competitive and because the building is located near the major transportation hubs for commuters.”
The asking rents were $52 per square foot, according to a press release issued by ABS Partners.
Capital One was the previous tenant at Schulman Lobel’s new space. There remains a retail branch of the bank on the ground floor of the property.