Lease of the Week
It’s not uncommon to hear Manhattan’s real estate market characterized as sophisticated or complex.
Not every day, however, does a requirement as straightforward as Dentsu McGarryBowen’s uncork such an elaborate and interconnected series of transactions as it did at the Starrett-Lehigh Building.
A longtime tenant in the 2.3-million-square-foot building and one of the property’s largest users, the advertising firm needed to expand. But there was a small problem: Despite its size, the building—an artsy, far West Side location popular among creative tenants—had virtually no available space.
In renewal news, Phillips-Van Heusen has renewed and expanded to nearly 200,000 square feet at 200 Madison. The apparel company that brings you Calvin Klein, Bass and Izod renewed its 150,000-square-foot lease and expanded by an additional 47,629 feet at its Murray Hill home.
Cushman & Wakefield’s Matthew Astrachan, Mitchell Konsker and Steven Bauer represented Read More
A historic 14-story converted office building south of Columbus Circle is selling for at least $126 million.
The building, known as Rodin Studios, is located at 200 West 57th Street at the corner of Seventh Avenue, and is in contract to the Feil Organization, the company’s C.E.O., Jeffrey Feil, confirmed Monday.
Although the building was Read More