Residential architecture firm John B. Murray Architect, which received the 2014 Stanford White Award for Residential Architecture, has renewed its lease on West 37th Street, Commercial Observer has learned, after eight years in the Midtown South building.
The 18-year-old firm, with its 20-person staff, is staying put in 8,749 square feet at 48 West 37th Street, occupying the entire 10th floor in the building between Fifth Avenue and Avenue of the Americas, according to Adam’s & Co. The renewal lease is for 10 years with an asking rent of $48 per square foot.
David Levy of Adam’s & Co. represented the tenant and the landlord, Forty Eight Thirty Seven Associates, in the deal.
“48 West 37th Street, in the heart of the Transit Triangle, is an ideal location for professional service firms,” Mr. Levy said via a spokesman. “Coupled with the unique window configuration it is no wonder that 48 West has become a center for some of New York’s finest architectural names.”
The 1926 building at 48 West 37th Street is 18 stories and comprised of 57,750 square feet. It is home to Ismael Leyva‘s Ismael Leyva Architects (which renewed its 16,000-square-foot lease for the 12th and 13th floors in 2009), general contracting and construction management group Manhattan Business Interiors (which expanded to 13,978 square feet in 2013), the Manhattan headquarters of apparel maker Cote de France (which has 11,542 square feet on the fifth floor) and Marais, a wholesale distributor of ladies handbags and accessories, which uses its 5,052 square feet on the 18th floor for general and executive offices as well as showroom space.