lease beat

Shine!

First Deal in 20 Years at Old New York Times Space

Carter’s, the baby and toddler clothier, has signed a 23,000-square-foot office lease at 122 Fifth Avenue, brokers told The Observer.

The Bromley Companies-owned office space, previously occupied by The New York Times, became available for the first time in more than 20 years, and includes 14.5–foot ceilings and a T-shaped floorplan, according to the landlord’s website. Read More

power broker

Mr. Glickman worked on the deal that brought Ogilvy & Mather to 11th Avenue, a move that changed the far West Side.

Paul Glickman, Jones Lang LaSalle's Transformer

At first glance, the 11-story property on 11th Avenue near 47th Street hardly seemed the ideal candidate to become Manhattan’s next big office building.

Situated on the far West Side, the 98-year-old building at 636 11th Avenue was destined for a full-blown hotel or condominium conversion when the Hakimian Organization purchased a stake in it in 2005. Indeed, what corporate tenant in its right mind would willingly wander so far west? Or at least that’s what Ben Hakimian thought. Read More

lease beat

There.

Big-Time Law Firm Deal at Brookfield’s Grace Building

In one of the biggest law firm deals this year in New York, intellectual property specialists Kilpatrick Townsend & Stockton has taken 45,000 square feet at the Grace Building at 1114 Avenue of the Americas.

The deal, which comes six months after Kilpatrick Stockton merged with Townsend and Townsend and Crew, allows the legal practice to now double its size from its current 22,500 square feet at 31 West 52nd Street, brokers said. At the 49-story, Brookfield Office Properties-co-owned Grace Building, the firm will occupy the entire 21st floor and a portion of the 22nd. Read More

lease beat

To the left, the Bloomberg Tower.

Investment Firm Takes Five Years at 130 East 59th

Augusta Columbia Capital, a recently launched investment firm, has signed a five-year, 7,281-square-foot lease at 130 East 59th Street.

The tenant sought to open its doors quickly and the UJA Organization-owned building offered a high-end pre-built installation that fit its needs, brokers said. The direct lease, which will begin this month after the firm vacates its temporary space at 345 Park Avenue, will encompass a portion of the 17-story building’s 14th floor at an asking rent of approximately $53 per square foot. Read More

lease beat

2parkavenue

Pretty Good Deal at 2 Park, If You ASME!

The American Society of Mechanical Engineers has inked a deal for 100,000-square-feet at 2 Park Avenue, and will relocate in the fall of 2012. The lease is long-term and the asking rent was in the mid-$40s a foot.

ASME is not straying far from its current home—2 Park is only a block away and across the street from 3 Park, but it offers “larger space to better accommodate current and future needs,” according to a release from the organization. Read More