Editing and Talent Networking Companies Ink Nearly 19K SF of Deals at Chelsea Building
Terence Cullen Aug. 4, 2016, 4:15 p.m.
Two tenants have each signed full-floor leases at 114 West 26th Street in Chelsea, Commercial Observer has learned.
Talent-finding company Thuzio signed a deal for five years and two months, according to Adams & Co., which represented the landlord in both deals. The company will occupy 9,300 square feet for the entire fifth floor of the 111,600-square-foot building between Avenue of the Americas and Seventh Avenue.
Asking rent in the transaction was $54 per square foot, according to a press release from the brokerage.
Jeffrey Buslik and David Levy of Adams & Co. represented the landlord, Delta Enterprises, along with Michael Beyda of Benchmark Properties. Michael Baraldi of Cushman & Wakefield and Josh Goldsmith of Colliers International represented Thuzio. Baraldi did not immediately return a request for comment via a spokesman. Goldsmith could not immediately be reached for comment.
NOMAD Editing Group, a video editing and production firm, signed a 10-year lease for the entire sixth floor, which is also 9,300 square feet. Asking rent in that deal was also $54 per square foot.
Buslik, Levy and Beyda represented the landlord, while Jack Cohen of Spaces Commercial represented the tenant. Cohen could not immediately be reached for comment.
“By leasing up the building within six months, Adams & Co. not only met the landlord’s expectations, but exceeded them,” Buslik said in prepared remarks.
CO reported in April that production company The Documentary Group had signed a 9,300-square-foot deal for the whole seventh floor of the property.