09/08/08

Office Leases
Commercial Sales | Retail Leases | Office Leases

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Address Square Feet Tenant Representative Landlord Landlord Representative Notes Issue
26 Broadway   map 136,500 School Construction Authority P. Hennessy, S. Cahaly, Jones Lang LaSalle The Chetrit Group H. Kesseler, B. Waterman, Newmark Knight Frank The city agency that oversees the development of school facilities in New York signed a 20-year lease for the fourth, fifth and sixth floors. The reported asking rent was $45 per square foot. September 2008
100 Park Ave   map 121,441 BDO Seidman Howard Ecker, Howard Ecker & Co. SL Green Steve Durels, SL Green; P. Glickman, T. Stacom, M. Lieberson, A. Chudnoff, D. Biasotti, J. Tootell, C&W The accounting firm signed a lease for the ninth, 10th and 11th floors to become the building's anchor tenant. The reported asking rent was $82 per square foot. The company plans to relocate from 330 Madison Avenue in January. September 2008
350 Fifth Ave (Empire State Building)   map 90,000 Coty R. Bernstein, R. Giordano, Colliers ABR W&H Properties Stephen Eynon, CBRE The fragrance company signed a lease for the entire 14th floor and parts of the 15th floor. The deal was described as one of the largest leases to be signed at the art deco office tower. The company, currently located at One and Two Park Avenue, plans to relocate in the first quarter of 2009. September 2008
1251 Sixth Ave   map 80,000 Assured Guarantee R. Martin, A. Bokman, CBRE UBS B. Alexander, D. Lehman, CBRE The insurance company subleased space. September 2008
40 Worth St   map 46,056 New York Law School H. Nottingham, A. Bowen, M. Steir, Studley n/a Newmark Knight Frank The law school signed an expansion lease. September 2008
599 Lexington Ave   map 44,067 Kilpatrick & Lockhart Preston Gates Ellis M. Steir, J. Mambrino, E. Margolin, Studley Boston Properties Represented in-house The law firm signed an expansion lease. September 2008
335 Madison Ave   map 30,606 Van Eck Global M. Shapses, E. Schmall, S. Weiss, I. Schuman, Studley Credit-Based Asset Servicing and Scrutinizing LLC n/a The money manager subleased space. September 2008
153 East 53rd St   map 30,500 Citadel Investment Group J. Nugent, A. Sussman, CBRE Boston Properties Jones Lang LaSalle The Chicago-based hedge fund signed a nine-year expansion lease for the 48th floor. The company currently occupies 64,500 square feet on the 44th and 45th floors. September 2008
711 Third Ave   map 30,035 Chicago Title Insurance Co. B. Hoban, J. Fabrizi, Orion Realty SL Green Larry Swiger, SL Green The insurance firm signed a 10-year lease renewal for fifth-floor space. The reported asking rent was $65 per square foot. September 2008
11 East 44th St   map 30,000 Brooks Brothers E. Goldman, B. Weinberg, CBRE DCD and ING Clarion William Cohen, Newmark Knight Frank The men's retailer inked a lease for office space on the second, fourth and eighth floors. The company also leased the building's ground-level, 6,000-square-foot retail space to expand its store next door (see below). September 2008
1400 Broadway   map 28,000 Ellen Tracy W. Cohen, M. Frantz, Newmark Knight Frank W&H Properties B. Waterman, J. Fanuzzi, Newmark Knight Frank The fashion giant inked a lease for the entire 32nd and 33rd floors. The Fashionology Group subsidiary will relocate from 1441 Broadway, where former parent Liz Claiborne is headquartered. The reported asking rent was $55 per square foot. September 2008
One State Street Plaza   map 25,526 Global Knowledge H. Stevens, M. Tighe, CBRE n/a G. Kamenetsky, R. Levine, CBRE The information technology and business training firm signed a lease for the entire 23rd floor. The company is relocating from 1155 Sixth Avenue. September 2008
1177 Sixth Ave   map 24,000 QVT Financial N. Goldmacher, J. Friedman, Newmark Knight Frank Silverstein Properties; CalSTRS Roger Silverstein, Silverstein Properties The hedge fund signed an eight-year lease for the entire 10th floor, doubling its space in the building. The reported asking rent was around $100 per square foot. The company also occupies about 24,000 square feet on the ninth floor. September 2008
131 North 14th St (Brooklyn)   map 20,000 Root Capture Bob Klein, Kalmon Dolgin Affiliates North 14th Street Corp. J. Wadler, V. Lopez, Kalmon Dolgin Affiliates The photography studio signed a lease. September 2008
120 Wall St   map 18,526 VIBE Media Group A. Bowen, H. Nottingham, Studley Silverstein Properties Represented in-house The publishing firm signed a lease. September 2008
408 Broadway   map 14,300 Spin Philip Amarante, C&W Vanick Properties D. Ades, M. Bergey, B. Feil, CBRE The music magazine inked a 10-year lease for the entire fourth floor. The company is relocating from 215 Lexington Avenue. September 2008
345 Hudson St   map 13,000 The Solomon R. Guggenheim Foundation L. Cear, J. Mangiacotti, CBRE Trinity Real Estate J. Pizer, T. Lynch, Trinity Real Estate The global network of museums signed an expansion lease for space on the 13th floor of the building. The reported asking rent was in the $50-per-square-foot range. The organization, which currently occupies 50,000 square feet in the building, plans to move into the new space by the end of the year. September 2008
375 Hudson St   map 12,609 Weidlinger Associates R. Goodman, J. Feeney, J. Messina, F. Edwards, Studley Saatchi & Saatchi CBRE The engineering consultancy subleased space. September 2008
7 Times Sq (Times Square Tower)   map 12,500 Hiscock & Barclay M. Weiss, J. Moran, Newmark Knight Frank Brown Rudnick R. Emden, J. Kahn, PBS Real Estate The law firm signed a four-year sublease for about half of the 44th floor at the Boston Properties-owned tower. The reported asking rent was $90 per square foot. The company is relocating from 26 Broadway, where it also subleases space. September 2008
229 West 28th St   map 12,500 ADT Security Services Dirk Hrobsky, CBRE Joss Realty Partners B. Bernstein, D. Danick, Winoker Realty Co. The security firm signed a 10-year lease for the entire fifth floor. The reported asking rent was $42 per square foot. The company is relocating from 335 West 16th Street, where it has been subleasing a larger space from the School of Visual Arts. September 2008
60 Madison Ave   map 12,000 Material ConneXion Howard Kesseler, Newmark Knight Frank The Moinian Group M. Dreizen, A. Udis, Newmark Knight Frank The consulting firm inked a 10-year lease for second-floor space. The reported asking rent was $55 per square foot. The company is relocating from 127 West 25th Street. September 2008
1350 Broadway   map 12,000 Open Space Institute S. Jaray, B. Given, GVA Williams W&H Properties J. Fanuzzi, B. Waterman, Newmark Knight Frank The nonprofit inked a 15-year expansion lease for second-floor space. The reported asking rent was $60 per square foot. September 2008
875 Third Ave   map 11,857 Estabrook Capital Management P. Amrich, F. Urrutia, CBRE Watson Wyatt A. Dattoma, M. Mashovich, CBRE The money manager signed a six-year sublease for space on the 15th floor. The reported asking rent was $75 per square foot. Sublandlord Watson Wyatt is shedding office space but will remain in the building. Eastgate Realty owns the property. September 2008
99 Hudson St   map 11,813 Weinstein Co. James DeLuca, C&W Mall Properties P. Amrich, S. Sloves, G. Chatzopolous, CBRE The independent film studio led by Harvey and Bob Weinstein leased the entire fourth floor. The reported asking rent was $45 per square foot. The company is adding to its five existing locations throughout the city, which includes offices at 375 Greenwich Street. September 2008
546 Fifth Ave   map 11,700 Belluck & Fox James Gross, Williamson Picket Gross Safra National Bank of New York D. Ades, L. Briody, B. Hay, B. Feil, CBRE The law firm signed a 10-year lease for the entire fourth floor. The reported asking rent was $59 per square foot. The tenant previously occupied two noncontiguous floors at 295 Madison Avenue. September 2008
One Exchange Plaza   map 10,800 Hugh Wood J. Frederick, R. Michaels, Colliers ABR Broad Street Development D. Blanco, D. Israni, Broad Street Development The insurance broker inked a 10-year lease for the entire 24th floor. The reported asking rent was $62 per square foot. The firm currently occupies the third floor at 45 Broadway. September 2008
1330 Sixth Ave   map 10,400 GCA Savvian Erik Harris, Newmark Knight Frank Macklowe Properties P. Amrich, F. Urrutia, CBRE The investment bank inked a five-year lease for the entire 28th floor. The reported asking rent was $125 per square foot. September 2008
745 Fifth Ave   map 10,321 Shufro, Rose & Co. R. Martin, B. Cooley, CBRE Paramount Group Arthur Bocchi, Paramount Group The investment advisors signed a five-year lease renewal for the entire 26th floor. The reported asking rent was $145 per square foot. September 2008
33 West 60th St   map 10,000 League of American Orchestras E. Schmall, S. Weiss, J. Messina, M. Mathias, F. Edwards, Studley Bonafide Real Estate Represented in-house The nonprofit signed a lease. September 2008
122 West 27th St   map 10,000 Sonic Boom Creative Media Shirley McEvoy, Prime Manhattan Realty Northern Star Textile Perry Mesmor, GVA Williams The wireless entertainment firm signed a lease for the entire seventh floor. The reported asking rent was $35 per square foot. The tenant is relocating from a much smaller space at 20 West 22nd Street. September 2008