Midtown East Architecture Firm Moving Into Glassy 950 Third Avenue

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Stephen Wang & Associates has signed a 5,150-square-foot lease at Ana Real Estate’s 950 Third Avenue to relocate its offices from an older building nearby, Commercial Observer can first report.

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The architecture firm, which designs residential homes and commercial properties, will occupy part of the fourth floor of the 32-story building between East 56th and East 57th Streets, according to the tenant’s broker, MHP Real Estate Services. The asking rent in the 10-year deal was in the mid-$50s per square foot and the tenant is expected to move in a few weeks.

The company is moving from its current home at 135 East 55th Street between Lexington and Third Avenues, which is a structure that is more than century old. Meanwhile, 950 Third Avenue is a far more modern glass building constructed in 1971 and renovated in 2007.

“[Stephen Wang] wanted to stay in the area and this was a Class-A property,” MHP’s Joseph Friedman, who handled the deal for the tenant, told CO via email. “It is a beautifully built space…at a good price that he could not resist.”

The nearly three-decade old architecture firm has a satellite office in Australia where its founder is a native, according to the company’s website.

Jared Horowitz at Newmark Knight Frank represented Ana Real Estate, which is led by Naomi and Andre Altholz. Horowitz declined to comment.