SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - April, 2011

Re: Best Deals on Office Space in New York City

 

"The failure to prepare is preparation to fail."                                                                                                
                                                                                       John Wooden
                                                                                       October 14, 1910 - June 4, 2010
                                                                                       Hall of Fame Basketball Coach

Don't wait until the last minute if your lease is coming due soon or you need to sublease your office space. The failure to adequately prepare for a complicated real estate transaction can be very costly for you and your firm, but with advance preparation and the assistance of Wharton Property Advisors you will be ready for a successful season on the court of business.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can assist. We search New York City for the most advantageous office space situations and then help our clients negotiate favorable terms. Or, if you like your current space we can help renegotiate your lease. We always represent our clients with honesty, diligence and creativity.

Below is a sampling of the best deals now available.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  126 East 56th Street  

 5,882

 

 $59

 

Sublease from Granite Capital. Built with 10 windowed offices (4 of them corner), windowed conference room, open area. Lease term: through April 2014.

             
  45 West 36th Street  

 10,000

 

 $28

 

Sublease from Nadri Jewelry. Built with a mix of offices and open areas. Lease term: through September 2016.

             
  250 West 57th Street  

2,226

 

$35

 

Sublease from Law Office of Harry Kresky. Built with 4 windowed offices, windowed conference room, open area for 3. Ideal for law or accounting. Lease term: through May 2014.

             
  1114 Avenue of the Americas  

 33,348

 

$59

 

Sublease from InterPublic Group. Built with 50 windowed offices, each with its own support station outside the door, 3 interior conference rooms. Lease term: through February 2016.

             

  1325 Avenue of the Americas

 

4,518

 

$55

 

Sublease from Burnham Securities. Built with 6 windowed offices, interior office, windowed conference room, open area ideal for trading. Lease term: through April 2015.

             

  1 Broadway 

 

17,495

 

 $35

 

Sublease from Kenyon and Kenyon. Built as a law firm with 16 windowed offices, 1 interior office, 2 windowed conference rooms, training room, open area. Lease term: 3 to 5 years.

             

  1412 Broadway

 

5,307

 

$45

 

Sublease from Malcolm Group. Built as open space with workstations. Great light and views. Can be leased separately or with the floor above. Lease term: through April 2021.

             

  1412 Broadway

 

12,945

 

$45

 

Sublease from Malcolm Group. Built with 8 windowed offices, 4 windowed conference rooms, 2 open areas. Can be leased separately or with the floor below. Lease term: through April 2021.

             

  350 Fifth Avenue 

 

1,300

 

 $42

 

Sublease from Empire Valuation Consultants. Built with 3 offices and reception. Great views. Lease term: through June 2013.

   

 

 

 

 

 

  40 Fulton Street 

 

 8,311

 

 $34

 

Sublease from Infogen. Mix of windowed offices (4 of them corner) and open area. Furniture and phones are available. Exceptional light and views. Lease term: through June 2015.

   

 

 

 

 

 

  7 Hanover Square 

 

 38,068

 

 $25

 

Sublease from Newsweek. Built with a mix of windowed offices and workstations, 2 windowed conference rooms. Brand new furniture to remain. Lease term: through September 2014, with a sublease extension available through September 2019.

   

 

 

 

 

 

  317 Madison Avenue 

 

 6,300

 

 Mid-$30's

 

Sublease from Headway Corporate Resources. Built with 6 windowed offices, 1 interior office, conference room, open area. Furniture and phones are available. Lease term: through January 2015.

   

 

 

 

 

 

  230 Park Avenue 

 

 8,621

 

$38

 

Sublease from NetJets. Built with 11 windowed offices, interior conference room, 33 workstations. Lease term: through February 2016.

             

  387 Park Avenue South 

 

 17,000

 

$39

 

Sublease from KSL Media. Built with a mix of windowed and interior offices, conference rooms, 2 pantries, interior cubicles. Lease term: through March 2014.

             

  75 Rockefeller Plaza 

 

 4,127

 

$35

 

Sublease from Principal Financial Group, Inc. Built with 4 windowed offices windowed conference, large windowed open area. Good light and views, overlooking the gardens. Sublease term: through July 2014.

             

  370 Seventh Avenue 

 

 12,311

 

$28

 

Sublease from Damiani. Built with 10 windowed offices, windowed conference room, open area, bathroom. Furniture and phones available. Lease term: through September 2016.

             

  110 William Street 

 

 35,100

 

High-$20's

 

Sublease from Access Intelligence. Built with a mix of windowed and interior offices, 3 conference rooms, 106 workstations. Ideal for trading. Furniture included. Lease term: through September 2015.

Contact Ruth Colp-Haber at (212) 759-0408 or contact us for more details about these spaces and other opportunities.

Wharton Property Advisors, Inc. helps NYC office tenants find and dispose of office space.  We provide the full range of commercial real estate services.  Finding and negotiating great deals is our specialty.  Moreover, we represent our clients with intelligence, honesty and diligence!!

Contact an Agent at Wharton Property Advisors, Inc. to handle your office space lease or sublease.
Ruth Colp-Haber
Wharton Property Advisors, Inc.
New York City Office Space Specialists
909 Third Avenue - 5th floor, New York, NY 10022
Phone: (212) 759-0408

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