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	<title>Observer &#187; Look! Up in the Air! Marvel Has a 60K-Foot Sublease! </title>
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		<title>Observer &#187; Look! Up in the Air! Marvel Has a 60K-Foot Sublease! </title>
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		<title>Look! Up in the Air! Marvel Has a 60K-Foot Sublease!</title>

		<comments>http://observer.com/2010/09/look-up-in-the-air-marvel-has-a-60kfoot-sublease/#comments</comments>
		<pubDate>Tue, 21 Sep 2010 00:04:06 -0400</pubDate>
					<link>http://observer.com/2010/09/look-up-in-the-air-marvel-has-a-60kfoot-sublease/</link>
			<dc:creator>Laura Kusisto</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/135-west-50th.jpg?w=300&h=201" />
<p align="left"><strong>135 West 50th Street</strong></p>
<p align="left"><strong>Marvel Entertainment</strong> will leap tall buildings to help fill a big slice of <strong>135 West 50th Street</strong>. The comic-book king will lease <strong>60,000 square feet</strong> for <strong>nine years</strong> in the Sports Illustrated Building.</p>
<p align="left">Marvel, which was acquired by Disney in December, will be able to consolidate its headquarters onto a single floor in midtown. It will sublease from investment firm <strong>Alliance Bernstein</strong>, which has been trying to shed space totaling nearly 31 percent of the 800,000-square-foot building.</p>
<p align="left">"Marvel Entertainment's current lease at 417 Fifth Avenue was expiring within the year and this was a great opportunity to house its headquarter offices on one floor," said <strong>Robert Silver</strong> of <strong>Newmark Knight Frank</strong>, who represented the tenant. <strong>Robert Alexander</strong> and <strong>Christopher Mansfield</strong> of<strong> CB Richard Ellis</strong> represented Alliance Bernstein.</p>
<p align="left">"The space is in complete move-in condition and Marvel will take occupancy Oct. 1," Mr. Silver said. Asking rents in the building are around $54 per square foot, according to MrOfficeSpace.com.</p>
<p align="left">Earlier this month the Wolfson Group paid $56 million for a 43 percent interest in the midtown spot, <em>The Real Deal</em> reported. The majority owner is UBS Partners.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/135-west-50th.jpg?w=300&h=201" />
<p align="left"><strong>135 West 50th Street</strong></p>
<p align="left"><strong>Marvel Entertainment</strong> will leap tall buildings to help fill a big slice of <strong>135 West 50th Street</strong>. The comic-book king will lease <strong>60,000 square feet</strong> for <strong>nine years</strong> in the Sports Illustrated Building.</p>
<p align="left">Marvel, which was acquired by Disney in December, will be able to consolidate its headquarters onto a single floor in midtown. It will sublease from investment firm <strong>Alliance Bernstein</strong>, which has been trying to shed space totaling nearly 31 percent of the 800,000-square-foot building.</p>
<p align="left">"Marvel Entertainment's current lease at 417 Fifth Avenue was expiring within the year and this was a great opportunity to house its headquarter offices on one floor," said <strong>Robert Silver</strong> of <strong>Newmark Knight Frank</strong>, who represented the tenant. <strong>Robert Alexander</strong> and <strong>Christopher Mansfield</strong> of<strong> CB Richard Ellis</strong> represented Alliance Bernstein.</p>
<p align="left">"The space is in complete move-in condition and Marvel will take occupancy Oct. 1," Mr. Silver said. Asking rents in the building are around $54 per square foot, according to MrOfficeSpace.com.</p>
<p align="left">Earlier this month the Wolfson Group paid $56 million for a 43 percent interest in the midtown spot, <em>The Real Deal</em> reported. The majority owner is UBS Partners.</p>
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