SUBLEASES GALORE

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

Re: Best Deals on Office Space in New York City

 

Wishing you a bountiful and bullish Holiday Season.                                                                                                
                                                                                                                                                                                                                                                                       
                                                                                       

First, we want to wish all of our friends and clients a wonderful holiday season and a prosperous new year. When you are prepared to turn your mind to business remember that Wharton Property Advisors stands ready to assist with your office space needs.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can assist in finding your midsummer night's real estate dream. We search New York City for the most advantageous office space situations and then help our clients negotiate favorable bargains. 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 

             
  116 East 27th Street  

 7,000

 

 $36

 

Sublease from Allison & Partners. Above standard installation built with 10 windowed offices, windowed conference room, open area for 16 to 20. Lease term: through June 2020.

             
  140 East 45th Street  

 8,427

 

 $59

 

Sublease from Wells Fargo. Recently built with 11 windowed offices, 1 interior office, windowed conference room, 2 windowed meeting rooms, fully furnished. Lease term: through February 2015.

             
  152 West 57th Street  

10,799

 

$95

 

Sublease from Meridian Capital. Newly built space with 13 windowed offices, 2 windowed conference rooms, open area. Views on all 4 sides, private executive bathroom. Lease term: through August 2020.

             
  1166 Avenue of the Americas  

 39,075

 

$48

 

Sublease from Dial Global (Westwood One Radio). In move-in condition, built with 40 windowed offices, 6 interior conference rooms, bullpen that can accommodate 125 people. Good light on all 4 sides. Lease term: through December 2020.

             

  120 Broadway

 

6,629

 

$29

 

Sublease from Securities Industry and Financial Markets Association (SIFMA). Built with 9 windowed offices, interior conference room, large open area. Furniture and phones may be made available. Land-lord will consider minor modifications. Lease term: through March 2022.

             

  60 Broad Street 

 

2, 750

 

 $45

 

Sublease from Fagenson & Co. Penthouse space built with 3 windowed offices, 21 trading desks, 6 workstations. Lease term: through March 2015.

             

  545 Fifth Avenue

 

2,921

 

$30

 

Sublease from International Federation of Accountants. Built with 2 windowed offices, 2 windowed conference rooms, windowed mailroom. Fully built and wired. Furniture and phones available. Direct extension possible. Sublease term: through July 2013.

             

  595 Madison Avenue

 

5,050

 

$55

 

Sublease from Zilli USA. Built with 3 windowed offices facing 57th Street, open area, open ceilings. Lease term: through March 2015.

   

 

 

 

 

 

  245 Park Avenue 

 

 20,500

 

 Mid-$70's

 

Sublease from JP Morgan. Mostly open plan with 7 glass fronted interior offices and conference room. Lease term: through October 2022.

   

 

 

 

 

 

  315 Park Avenue South 

 

 16,734

 

 $47

 

Sublease from Credit Suisse. Mostly open plan with 2 small interior meeting rooms, 1 interior conference room, 1 windowed boardroom, break out room, 122 workstations. Lease term: through April 2017.

   

 

 

 

 

 

  460 Park Avenue 

 

 5,150

 

 $58

 

Sublease from American Continental Properties. Built with 3 windowed offices, 5 interior offices, windowed conference room, open area for 6 workstations. Lease term: 5 or 10 years.

   

 

 

 

 

 

  14 Penn Plaza 

 

 12,965

 

$41

 

Sublease from Central Analysis Bureau. Built with 11 windowed offices, 8 interior offices, 2 interior conference rooms, open area with 16 workstations. CAT-6 wiring. Tenant controlled and supplemental A/C. Lease term: through January 2017.

             

  21 Penn Plaza 

 

 5,800

 

$35

 

Sublease from Eastman Kodak. Built with 3 windowed offices, interior conference room, open areas, 65 seat film screening theater, use of covered loading dock directly into the space. Lease term: through April 2015.

             

  750 Seventh Avenue 

 

 14,613

 

Low $50's

 

Sublease from Mendes & Mount. Built with 21 windowed offices, 1 interior office, 1 small interior conference room, 1 large windowed conference room, open areas for work-stations. Metered directly to Con Edison. Furniture available. Lease term: through December 2018.

             

  33 Whitehall Street 

 

 16,889

 

$48

 

Sublease from Russo Toner. Newly built space with 26 windowed offices, 6 interior offices, 3 conference rooms, 2 open areas. River views. Furniture and phones could be made available. Lease term: through November 2018.

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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