Lease Deals of the Week: Private Equity Firm GTCR Takes 56K SF
The top five leases in New York City from March 11 to March 14.
By The Editors March 15, 2024 10:00 am
reprints
Topping the list of the five largest lease deals list week is a private equity firm, GTCR, which decided anything less than 55,600 square feet at L&L Holding Company’s 425 Park Avenue just wasn’t enough. Then, food delivery startup Orbital Kitchens determined that it needed a base in the borough of Queens and signed a lease at 42-45 12th Street.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| GTCR | 55,600 | 425 Park Avenue | Expansion | L&L Holding Company | Unknown | |
| Orbital Kitchens | 42-45 12th Street | New | Superior Management | Landlord: Igloo’s Adam Joly and Rachel Cohen | ||
| Tikehau Capital | 23,000 | 9 West 57th Street | Relocation | Soloviev Group | Tenant: Avison Young’s Roshan Shah Landlord: CBRE’s Howard Fiddle, Gregg Rothkin, John Maher, Alex Leopold and Tara Rhodes | |
| UpSlide | 9,500 | 10 Grand Central | Relocation | Marx realty | Landlord: Cushman & Wakefield's Lexie Perticone Tenant: JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz | |
| Cole Schotz | 8,000 | 1325 Avenue of the Americas | Expansion | Paramount Group | Tenant: Cushman & Wakefield's Justin Halpern, Ed Wartels and Ben Bouganim Landlord: Douglas Neye at Paramount | |
| Lift | 3,500 | 424 East 147th Street | Relocation | United Capital Corp. | Landlord: JLR Realty’s Jesse Rubens Tenant: Open Impact Real Estate’s Alexander Smith and Kendall Elliott | |
Lease Deals of the Week reflects leases closed or announced from March 11 to March 14. Information on leases can be sent to editorial@commercialobserver.com.
42-45 12th Street, 425 Park Avenue, Deals of the Week, GTCR, Orbital Kitchens, private equity, GTCR, L&L Holding Company, Orbital Kitchens
