Architecture Firm ODA Renews Its 12K-SF Flatiron District Lease
By Liam La Guerre February 23, 2016 6:23 pm
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ODA Architecture has signed a five-year early renewal for its 11,985-square-foot offices at 250 Park Avenue South between East 19th and East 20th Streets, sources informed Commercial Observer.
The firm will continue to occupy the entire third floor of the 12-story Flatiron District building, which is owned by The Feil Organization.
ODA’s space “is an ideal location for the firm due to its prime location in the Flatiron District,” Jared Sternberg of the Kaufman Organization, who handled the transaction for ODA, said in a prepared statement. “The building is in walking distance to mass transportation hubs, and allows for the firm’s team to conveniently travel to and from their diverse portfolio of projects throughout New York City.”
The asking rent for the space was in the high-$60s per square foot. The architecture firm previously signed a three-year deal to move into the building in 2014. At that time, ODA relocated from 494 Broadway between Spring and Broome Streets.
Robert Fisher of The Feil Organization, who represented the landlord in-house, declined to comment on the deal. Current tenants in the building include property manager Tudor Realty Services, Gramercy Park Digestive Disease Center and Mediterranean-themed restaurant Barbounia.
Citi Habitats, which had been at 250 Park Avenue South for a decade, signed a lease last year to move its corporate headquarters to 387 Park Avenue South, as CO previously reported.
