Commercial Sales |
Retail Leases |
Office Leases
Please submit deals to: deals@therealdeal.com
Please submit deals to: deals@therealdeal.com
| Address | Square Feet | Tenant | Representative | Landlord | Landlord Representative | Notes | Issue |
|---|---|---|---|---|---|---|---|
| 180 Maiden Ln map | 800,000 | AIG | n/a | Goldman Sachs | n/a | The insurance and financial services company subleased 30 floors of space from Goldman Sachs, which is preparing to relocate to its new headquarters in Battery Park City. AIG plans to move in completely by 2011. | July 2008 |
| 1185 Sixth Ave map | 164,700 | RSM McGladrey | J. Isaacs, K. Powderly, L. Crowley, CBRE | SL Green | Steve Durels, SL Green | The H&R Block subsidiary renewed its existing lease and signed an expansion lease for space on the seventh floor. The reported asking rent for the additional 27,508 square feet of space was $95 per square foot. The seventh-floor expansion was made possible by German bank WestLB?s early termination of its contract; it had eight years left on the lease. RSM simultaneously surrendered its 52,418-square-foot space at 750 Third Avenue to consolidate its offices (see below). | July 2008 |
| 1290 Sixth Ave map | 156,282 | Cushman & Wakefield | F. Speyer, A. Fox, C&W | Vornado | G. Weiss, T. Costanzo, Vornado | The commercial real estate firm signed a 15-year lease for the entire seventh floor and parts of the eighth and ninth floors. The company is relocating from 51 West 52nd Street, where it occupies around 155,000 square feet on nine floors. | July 2008 |
| 40 West 57th St map | 109,000 | Highbridge Capital Management | F. Speyer, L. D?Avanzo, C&W | The LeFrak Organization | H. Fiddle, S. Rhulen, Z. Freeman, CBRE | The hedge fund inked a 10-year lease for the top five floors of the 34-story tower. The reported asking rent was $130 per square foot for floors 30 through 32 and $140 per square foot for floors 33 and 34. | July 2008 |
| 340 Madison Ave map | 99,504 | Office of the Comptroller of the Currency | K. Ruderman, M. Goldman, Studley | Broadway Partners | H. Fiddle, P. Amrich, CBRE | The U.S. federal agency renewed its existing lease and took additional space. The reported asking rent was $80 per square foot. | July 2008 |
| 620 Eighth Ave (New York Times Building) map | 63,000 | British Telecom | Robert Ageloff, Staubach | ClearBridge Advisors | n/a | The telecommunications company subleased space. The reported asking rent was $95 per square foot. | July 2008 |
| 666 Fifth Ave map | 55,755 | Victoria?s Secret | E. Deutsch, K. Meyerson, J. Pollen, M. Tighe, CBRE | Kushner Companies | Greg Conen, Tishman Speyer | The lingerie and fashion retailer inked a five-year lease renewal for office space. The reported asking rent was $92 per square foot. | July 2008 |
| 750 Third Ave map | 52,418 | Regent Business Centers | Scott Klau, Newmark Knight Frank | SL Green | Represented in-house | The corporate services provider signed a 10-year lease. The reported asking rent was $70 per square foot. Regent took over the space after it was surrendered by RSM McGladrey, which had five years left on its lease at below-market rents. | July 2008 |
| 152 West 57th St (Carnegie Hall Tower) map | 50,000 | Kingdon Capital Management | P. Revson, C. Kraus, E. Rice, L. Lazerwitz, Staubach | Rockrose Development Corp. | C. Sealy, Rockrose Development Corp.; W. Cohen, M. Leon, Newmark Knight Frank | The financial services firm renewed its existing lease and signed an expansion lease for five full floors and parts of other floors. | July 2008 |
| 1221 Sixth Ave map | 35,000 | Haynes and Boone | CBRE | Sonnenschein Nath & Rosenthal | CBRE | The Dallas-based law firm subleased part of the 26th floor for three years. The reported asking rent was $70 per square foot. The sublandlord also gave up an 11,750-square-foot space in the same building to investment company FirstMark Capital (see below). | July 2008 |
| 620 Sixth Ave map | 28,000 | Cole Haan | T. Dempsey, J. Isaacs, CBRE | n/a | S. Schofel, P. Schimkin, Newmark Knight Frank | The shoe, handbags and accessories company signed a seven-year expansion lease for third-floor space, bringing its total occupancy to about 63,000 square feet. The reported asking rent was $70 per square foot. The company plans to move staff over from 680 Fifth Avenue after its lease expires early next year. | July 2008 |
| 250 West St map | 27,000 | Lieff Cabraser Heimann & Bernstein | n/a | Jack Resnick & Sons | D. Brady, J. Dean, Jack Resnick & Sons | The law firm signed a 10-year lease for the entire eighth floor. The company is relocating from 780 Third Avenue. | July 2008 |
| 787 Seventh Ave map | 23,998 | SAS Institute | Paul Glickman, C&W | Equitable Life Assurance Society of the United States | CBRE | The software developer signed a five-year lease renewal for space on the 47th floor. The reported asking rent was around $100 per square foot. | July 2008 |
| 1359 Broadway map | 23,600 | Actimize | Michael Beyda, Benchmark Properties | W&H Properties | B. Waterman, M. Frantz, Newmark Knight Frank | The software development company signed a 10-year lease for fifth-floor space. The reported asking rent was $52 per square foot. The firm is relocating from an existing 14,000-square-foot space at 1250 Broadway. | July 2008 |
| 60 Hudson St map | 20,116 | Switch and Data | S. Anderson, L. DiMicelli, CBRE | Hudson Telegraph Associates | Robert Getreu, GVA Williams | The network technology provider signed a 15-year lease for parts of the 15th, 16th and 19th floors. The reported asking rent was $65 per square foot. | July 2008 |
| 55 Broad St map | 16,173 | The International Securities Exchange | Robert Eisenberg, Newmark Knight Frank | Rudin Management | Eugene Baumstein, Rudin Management | The equity options exchange signed a lease for full-floor space, which will complement the company?s headquarters at 60 Broad Street. The reported asking rent was $42 per square foot. | July 2008 |
| 66 East 55th St map | 16,000 | Eminence Capital | Silvio Petriello, CBRE | n/a | M. Astrachan, M. Konsker, A. Chudnoff, C&W | The hedge fund inked an expansion lease for another floor, bringing its total occupancy to 32,000 square feet. The reported asking rent was $150 per square foot. | July 2008 |
| 20 Broad St map | 16,000 | FriendFinder Networks | Kenneth Salzman, Newmark Knight Frank | Vornado | B. Surry, J. Searl, CBRE | The media company inked a 10-year lease for space on the 14th floor. The reported asking rent was $46 per square foot. The firm, which owns Penthouse magazine and operates social networking Web sites, is relocating from Two Penn Plaza. | July 2008 |
| 780 Third Ave map | 15,325 | Tricadia Holdings | CBRE | TIAA-CREF | JRT Realty | The asset management firm signed a long-term lease for the entire 29th floor and part of the 22nd floor. | July 2008 |
| 435 Hudson St map | 15,000 | Epoch Films | Marc Schoen, Hunter Realty | Trinity Real Estate | J. Pizer, G. Varricchio, Trinity Real Estate | The film production company signed a 10-year lease for part of the fourth floor. The reported asking rent was $55 per square foot. | July 2008 |
| 508-516 West 37th St map | 15,000 | Studio Instrument Rentals | M. Oleszek, R. Frost, Signature Partners | 508-516 West 37th Street Co. LLC | E. Kamenitzer, J. Wiggins, Kamenitzer Real Estate | The studio rental firm signed a seven-year lease. The reported asking rent was $29 per square foot. The company is relocating from a smaller space on West 25th Street. | July 2008 |
| 100 Sixth Ave map | 14,658 | DST Systems | Joe Harkins, Grubb & Ellis | Trinity Real Estate | n/a | The computer software firm signed an eight-year lease renewal. | July 2008 |
| 345 Hudson St map | 14,000 | Solomon R. Guggenheim Foundation | L. Cear, J. Mangiacotti, CBRE | Trinity Real Estate | Represented in-house | The nonprofit inked an eight-year lease for part of the 13th floor. The reported asking rent was $54 per square foot. The foundation also occupies 40,000 square feet on the 12th floor of the same building; that lease will expire in 2016. | July 2008 |
| 17 Battery Pl map | 14,000 | CSA Group | S. Hecht, R. Plehn, GVA Williams | The Moinian Group | A. Leshowitz, J. Jacobs, Newmark Knight Frank | The Puerto Rico-based engineering company inked a 10-year lease for first-floor space. The reported asking rent was $41 per square foot. The firm is relocating from a 7,000-square-foot space at 65 Bleecker Street. | July 2008 |
| 340 Madison Ave map | 13,328 | Banco Espirito Santo Investment | D. Horowitz, J. Peck, Studley | Broadway Partners | H. Fiddle, P. Amrich, CBRE | The Portuguese bank signed a lease. | July 2008 |
| 135 East 57th St map | 12,800 | The Olnick Organization | M. Schrader, J. Brod, PBS Real Estate | n/a | B. Emden, D. Emden, S. Gordon, PBS Real Estate | The real estate company subleased the entire 22nd floor. It is relocating from 110 East 59th Street. | July 2008 |
| 126 East 56th St map | 12,149 | The Lanier Law Firm | S. Petriello, B. Friedland, S. Seiler, CBRE | Macklowe Properties | R. Abend, C. Wasserberger, Jones Lang LaSalle | The Houston-based law firm signed a 10-year lease renewal for its existing space on the sixth floor and expanded to the entire seventh floor. | July 2008 |
| 245 Fifth Ave map | 12,000 | Broadband Enterprises | S. Hecht, R. Plehn, GVA Williams | The Moinian Group | A. Udis, M. Dreizen, Newmark Knight Frank | The advertising and marketing firm signed a seven-year lease for the entire 21st floor. The reported asking rent was $53 per square foot. The company is relocating from a 4,000-square-foot space at 450 Seventh Avenue. | July 2008 |
| 1221 Sixth Ave map | 11,750 | FirstMark Capital | B. Rothman, K. Otomo, Studley | Sonnenschein Nath & Rosenthal | CBRE | The investment firm subleased space. | July 2008 |
| 780 Third Ave map | 11,300 | Hinshaw & Culbertson | US Equities | TIAA-CREF | JRT Realty | The law firm signed a lease. | July 2008 |
