The Italian company is taking the entire 14th floor, which will be used for office space at the 19-story building between West 47th and West 48th Streets, according to the landlord. Zanella is taking the space for 10 years, and the asking rent was $70 per square foot, Thor announced in a press release.
The deal closed last week. This is a new office for Zanella, and the company is slated to move into the building within the month, per a Thor spokesman.
“[The building] provides office tenants with a turn-key opportunity including high-end finishes, as well as close proximity to public transportation and numerous dining and retail options,” said Adam Rappaport of Thor in prepared remarks.
Eric Cagner, Kyle Ciminelli and Matt Siegel of Newmark Grubb Knight Frank represented Thor, along with Mr. Rappaport in-house. Billy Cohen and Evan Foley, also of NGKF, represented Zanella. An NGKF spokeswoman did not immediately return a request for comment.
Tenants in the 97,896-square-foot building include technology and management advising firm Princeton Consulting, jewelers T. Gluck & Co., Shama Gems and a slew of other diamond and gem companies.