Lease Beat: 8.5.09

J Brand, the jeans company that claims responsibility for the first American-made, premium-label skinny jeans (which is kind of like openly claiming responsibility for neon leggings), has signed a five-year, 3,000-square-foot lease expansion at 275 West 39th Street, a garment-district building at the corner of Eighth Avenue. Asking rent: $35 a square foot. Congrats to the Kaufman Organization’s Grant Greenspan, who repped both J Brand and landlord Britex Associates in negotiations.

Sheldon Solow has a happy tenant. The United Nations Federal Credit Union has decided to expand in the notoriously litigious landlord’s 380 Madison Avenue, signing a five-year, 3,815-square-foot lease on the 20th floor at the striking 25-story scraper. Asking rent: $69. Edward Goldman, Steve Siegel and Bruce Weinberg of CB Richard Ellis repped Mr. Solow.

Meltwater Group, a Norwegian software company that engages in “cloud computing,” monitors online media and converts “biometrics into a public-private (cryptographic) key-pair[s],” among other such indecipherable and creepy-sounding activities, is leaving 20 Jay Street in Dumbo for Chelsea, signing a 5,611-square-foot lease for part of the fourth floor at 49 West 27th Street. Stephen Bellwood, of Colliers ABR, represented Meltwater Group in negotiations with landlord Chestnut Holdings of New York. Mark Furst of Colliers ABR represented the landlord and the term was for three years.

Toronto Dominion, the firm otherwise known as TD Bank that has been on a New York expansion spree ever since it bought Commerce Bank last year, has signed an expansion for 16,000 square feet at 31 West 52nd Street. Newmark Knight Frank’s Jim Saunders and Noel Flagg repped the bank in negotiations with landlord Paramount Group’s Arthur Bocchi.


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