SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - February, 2010

Re: Best Deals on Office Space in New York City

 

                "A fellow doesn’t last long on what he has done.
                He’s got to keep on delivering as he goes along."


                                                                      Carl Owen Hubbell
                                                               New York Giants Pitcher from 1928 - 1943
                                                               Inducted into the Baseball Hall of Fame 1947


Past performance is important, but it doesn't mean anything unless you continue to perform in the future. Like Carl Hubbell, we at Wharton Property Advisors have delivered value for our clients for 20 years. However, unlike an athlete who inevitably wears down, we are just getting started.

Please let us know how we can help you with your office leasing needs in today's attractively priced market. There are great opportunities for tenants who are looking for a new lease or to renegotiate an existing one.

Below is a sampling of the best deals now available.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  216 East 45th Street  

 4,200

 

 $29

 

Sublease from Rennert International. Built with 14 windowed offices, reception, pantry. North and south exposures with great light. Lease term: through October 2014.

             
  150 East 52nd Street  

 2,989

 

 $39

 

Sublease from Finacity Corp. Built with 3 windowed offices, conference room, open area, reception. Directly off the elevator with great light and views. Lease term: through March 2011.

             
  11 West 42nd Street  

36,785

 

Mid
$30's

 

Sublease from TV Guide. Full floor identity with mix of windowed offices, work stations, art studios, conference room, reception. Lease term: through October 2015.

             
  156 West 56th Street  

 20,659

 

$40

 

Sublease from Global Capital (GloCap). Built, in move-in condition, with 22 windowed offices, 200+ trading positions, 5 additional hotelings / small offices / conference rooms. Furniture and phones available. Lease term: thru February 2019.

             

  1412 Broadway

 

5,223

 

$30

 

Sublease from NYS Health Foundation. Built with a combination of windowed offices, windowed boardroom and open areas. Lease term: through March 2012.

             

  405 Lexington Avenue 

 

3,474

 

 $45

 

Sublease from Heineken Americas. Above standard installation built with 4 windowed offices, windowed conference room, spectacular views. Furniture available. Lease term: through December 2012.

             

  420 Lexington Avenue

 

5,384

 

$42

 

Sublease from X Shares Advisors. Built, in move-in condition, with 4 windowed offices, conference room, open area for 18, reception, pantry. Windows on 3 sides with great light. Furniture, phones and monitors available. Lease term: through June 2012.

             

  600 Madison Avenue

 

3,300

 

$48

 

Sublease from Judith Leiber. Built with 6 offices and open space. Lease term: through June 2013.

             

  2 Park Avenue 

 

10,021

 

 Low
$40's

 

Sublease from Medical Liability Mutual Insurance Company. Three year old installation built with 11 windowed offices, 2 conference rooms, some with windows. Lease term: through October 2015.

   

 

 

 

 

 

  375 Park Avenue 

 

 2,969

 

 $90

 

Sublease from Conoco Philips. Built with 2 windowed offices, 1 corner windowed office, windowed boardroom, 1 workstation. Park Avenue frontage. Lease term: through September 2015.

   

 

 

 

 

 

  512 Seventh Avenue 

 

 14,630

 

 Low
$30's

 

Sublease from Intermedia Outdoors. Built with a mix of windowed and interior offices, 2 conference rooms, multiple workstations, some with windows. Furniture and phones are available. Lease term: through August 2012.

   

 

 

 

 

 

  1 State Street 

 

 27,035

 

 Low
$30's

 

Sublease from Ambac Financial. Built with 35 windowed offices, interior offices, large open work areas. Lease term: through September 2019.

   

 

 

 

 

 

  17 State Street 

 

 1,972

 

$36

 

Sublease from One Beacon Insurance. Open area, spectacular views of New York Harbor. Furniture and phones available. Lease term: through July 2012.

   

 

 

 

 

 

  633 Third Avenue 

 

1,222

 

 $55

 

Direct lease. Built with 3 windowed offices, open area. Double door entry directly off the elevator. Lease term: 3 to 5 years.

   

 

 

 

 

 

  830 Third Avenue 

 

6,000

 

 $45

 

Sublease from Commonwealth Associates. Built out with 5 windowed offices, 3 interior offices, 2 conference rooms, open area for 16 trading position, 7 analyst positions. Furniture and phones available. Lease term: through January 2013.

   

 

 

 

 

 

  14 Wall Street 

 

3,273

 

 $32

 

Sublease from Direct Access Partners. Built with 1 large office, conference room, 15 trading positions, 1 workstation, reception, pantry. Furniture and phones available. Lease term: through June 2012.

   

 

 

 

 

 

  100 Wall Street 

 

7,273

 

 Mid
$20's

 

Sublease from Westminster Securities. Move-in condition, built with 4 internal offices, windowed conference room, windowed open area. Furniture available. Lease term: through August 2012.

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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