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lease beat

3/01/12 10:04am

lease beat

40 Wall Street

PFM Management Inks Deal at 40 Wall

Demand for space at 40 Wall Street continues to grow with news yesterday that the Trump Organization-owned building’s leasing agency signed financial advisory group PFM Management to a ten-year lease on the 49th floor of the office tower.

Public Financial Management, which does business as PFM Asset Management, is taking 9,263 square feet of turnkey space on the entire 49th floor of 40 Wall Street, brokers involved with the transaction exclusively told The Commercial Observer yesterday. Asking rents were in the low $40s. Read More

By Daniel Geiger 2/29/12 3:46pm

lease beat

Time Warner Center. (Courtesy Property Shark)

C. Wonder Deal Inked at Time Warner Center

C. Wonder, the preppy apparel and accessories retailer launched last year by designer Tory Burch’s ex husband, Christopher Burch, has signed on for a space at Time Warner Center, according to sources familiar with the deal.

The store, which opened another Manhattan store last October in Soho, will take about half of the roughly 15,000 square feet formerly occupied by the now-defunct bookstore chain Borders on the retail complex’s second floor. Read More

By Daniel Geiger 2/28/12 1:26pm

lease beat

100 fifth

Knewton Signs Lease on Fifth Avenue

The wave of tech tenant leasing deals in Midtown South continues.

Knewton Inc., a provider of sophisticated online-based learning and education programs for students and test takers, has signed a 16,000-square-foot lease at 100-104 Fifth Avenue, an office building owned by the Kaufman Organization. The term of the deal, which is for the 20-story building’s entire eighth floor, stretches ten years. Asking rents for the space were $55 per square foot. Read More

By Daniel Geiger 2/23/12 9:00am

lease beat

Broadway Dance Center.

Dance Center Pirouettes Into New Space

Broadway Dance Center has expanded its lease at 321 West 44th Street to about 30,000 square feet.

The school and studio, which has its entrance on the 230,000 square foot building’s 45th Street side entryway, which goes by the address 322 West 45th Street, offers both classes for beginners and workshops for seasoned dancers alike taught by acclaimed professionals. Read More

2/23/12 8:30am

lease beat

105 Madison Avenue. (Courtesy Property Shark)

More Leg Room at 105 Madison Avenue

Empire Office, an office furniture dealer, will now have more breathing room after agreeing to expand its presence at 105 Madison Avenue.

Cautiously optimistic officials at the furniture dealer will be taking 26,700 square feet of space on the 14th and 15th floors of 105 Madison Avenue, where asking rents average $47 a square foot.

The new space will now be folded into the 10-year lease that Empire Office signed in 2010.
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By Daniel Geiger 2/21/12 4:48pm

lease beat

ddd

Coffee Shop and Attractive Waiters Ink Renewal Deal at 27 Union Square West

The popular Union Square eatery The Coffee Shop has renewed its retail lease at its long time home at 27 Union Square West and also office space it has upstairs in the building.

The deal totals about 20,000 square feet and stretches for ten-years, according to Eric Gural, an executive at the real estate services firm Newmark Knight Frank who oversees leasing at the property and whose family owns the nearly 50,000-square-foot box-shaped, boutique building.
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2/21/12 9:00am

lease beat

350 Hudson Street. (Courtesy Property Shark)

Frenkel & Co. Renews in Hudson Square

An insurance company has renewed its lease in the increasingly media- and startup-friendly enclave of Hudson Square.

Frenkel & Co., an independent insurance company, has signed a seven-year lease renewal for 39,000 square feet on the fourth floor of 350 Hudson Street for its corporate headquarters, The Commercial Observer has learned. Read More