Four Tenants Sign Total of 41K SF of Renewals in Rudin’s 355 Lexington
Liam La Guerre Aug. 31, 2016, 4:14 p.m.
In the largest deal, investment consulting firm Wealth Advisory Group has signed a 10-year, 15,882-square-foot renewal for the entire ninth floor of the 22-story Midtown East property between East 40th and East 41st Streets, according to the landlord. The asking rent in the 1959 building is $55 per square foot.
David Berkey of L&L Holding Company represented Wealth Advisory Group in the transaction, while Robert Steinman, a vice president at Rudin Management, represented the building in-house on all four leases. Berkey did not immediately respond for a request for comment via a spokeswoman.
In another transaction, accounting firm Rogoff & Company, signed a renewal for 8,300 square feet on a portion of the sixth floor for an additional 10 years. Howard Poretsky of Savills Studley, who represented Rogoff & Company, did not immediately respond to an inquiry seeking comment through a spokeswoman.
Meanwhile, Time Square Construction will be in its full-floor, 8,122-square-foot suite on the entire 17th floor for five more years after signing its renewal. The company did not have a broker in the deal. And Citymeals-on-Wheels, which provides meals for senior citizens in the city, re-upped its 8,996-square-foot office for an additional 10 years. Jeffrey Frenkel of CBRE represented Citymeals-on-Wheels in the deal. A CBRE spokeswoman didn’t reply with a comment right away.
“These renewals are an indicator of the strength of 355 Lexington Avenue and our reputation as long-term owners responding to our existing tenant’s needs,” William Rudin, co-vice chairman and chief executive officer of Rudin Management, said in a prepared statement.
Other tenants at the 250,000-square-foot tower include brokerage Eastern Consolidated, law firm Gordon & Silber, marketing company TNS Custom Research and Harry Walker Agency, which represents motivational speakers.