The Lease Beat
The Lease Beat
A week after real estate investment firm APF Properties announced that it completed nine new leases at its “Club Row Building”, the company said it had locked up eleven more in three of its other office buildings, The Commercial Observer has learned.
All 20 signings – worth a total of 76,000 square feet - took place Read More
Since investing $161 million to take 28 West 44th Street off SL Green’s hands last summer, landlord APF Properties has wasted little time in making upgrades to the 370,000-square-foot asset.
APF Properties re-named the property “The Club Row Building,” a nod to the blue-blooded Ivy League clubs (Harvard, Yale, Princeton, et al) that inhabit the neighboring Club Row, and pledged $18 million in capital improvements, including the lobby and entrances designed by Moed de Armas & Shannon.
If anything inspires confidence that a building’s aging elevators will be taken care of, it’s knowing that the landlord is moving in.
APF Properties is moving from just a block over and expanding into 5,000 square feet for 10 years at 28 West 44th Street—a building, mind you, it just acquired from SL Green for Read More
SL Green’s flight to quality continues, now that one of its middle-market midtown office buildings is in contract for $161 million.
The building at 28 West 44th Street (on “Club Row,” says the press release) will go to APF Properties and a Prudential Real Estate Investors managed fund for $448 per square foot, according to Read More