ZMC Advisors Doubles Its Offices at 110 East 59th Street
By Rebecca Baird-Remba August 5, 2021 5:31 pm
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Private equity firm ZMC Advisors has doubled its footprint and extended its lease at 110 East 59th Street in Midtown, according to landlord Jack Resnick & Sons.
The company, which invests in media, tech and communications ventures, renewed its current 13,284-square-foot office on the 24th floor and is expanding into a similar-sized space on the 25th floor. ZMC, which has been in the building since 2017, signed a 10-year, 26,568-square-foot lease. A Resnick spokesperson declined to provide asking rents for the deal.
The 37-story, 1969 office building recently underwent a $40 million renovation that included new cooling towers and natural gas boilers, an aluminum rain screen system, destination dispatch elevators and green roofs.
Alexander Chudnoff and Dan Turkewitz of JLL (JLL) represented ZMC in the deal. Brett Greenberg and Fran Delgorio handled the transaction in-house for Jack Resnick & Sons.
“This expansion is yet another vote of confidence in our building and the ongoing allure of Midtown’s Plaza District,” Jonathan Resnick, the president of Jack Resnick & Sons, said in a statement.
Rebecca Baird-Remba can be reached at rbairdremba@commercialobserver.com.
