Construction Firm Scoops Up 82K-SF Space at 330 West 34th Street
Liam La Guerre Feb. 12, 2016, 12:27 p.m.
Manhattan-based construction firm Structure Tone has signed a 15-year, 82,000-square-foot lease to move its headquarters to Vornado Realty Trust’s 330 West 34th Street between Eighth and Ninth Avenues.
Come June, the company will occupy the entire 11th and 12th floors of the 682,000-square-foot office building, a spokesman for Structure Tone confirmed to Commercial Observer. The asking rent for the space was not disclosed. (Last year, Foot Locker signed a deal for 145,000 square feet at the building with an asking rent in the $70- per-square-foot range, as CO previously reported.)
The firm is relocating from another Vornado property at 770 Broadway between Eighth Street and Wanamaker Place near Astor Place, where it has 94,000 square feet of space, according to CoStar Group. A spokesman for Vornado did not immediately return a request for comment.
Both the tenant and the landlord negotiated the deal without brokers, according to the Structure Tone spokesman.
“We’re creating a world-class global headquarters with an open and flexible space, ideally located to support our continued growth for the next 10 to 15 years,” Bob Mullen, Structure Tone’s chief executive officer, said in prepared remarks.
Structure Tone has constructed many projects in the city, including building out offices for advertising firm Yodle, which has its 84,000-square-foot of space across three floors at 330 West 34th Street as well, as CO previously reported.
Other tenants in the building include women’s apparel retailer New York & Company and advertising agency Deutsch.