Newsletter of Wharton
Property Advisors, Inc. - February, 2011
Re: Best Deals on Office Space in New
York City
"Now each man judges well the things he knows, and of these he is a good judge." Aristotle 384 - 322 BC
If there is one thing that we at Wharton Property Advisors know well it is commercial real estate.
In these turbulent times don't make the mistake of judging the tricky commercial leasing market without the assistance of an industry expert. Let us use our good judgment to help you find your way to a successful transaction.
If you need assistance dealing with thorny office lease issues Wharton Property Advisors can help. We are always monitoring the market and scouring the available opportunities for bargain properties.
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
220 East 42nd Street
6,447
Mid to high $30's
Sublease from Dewey Pegno Kramarsky. Built with 8 windowed offices, interior conference room, 6 workstations, windowed reception area. Furniture is included. Lease term: through April 2013.
150 East 58th Street
4,274
$49
Sublease from JSL Carpet Corp. Built with 8 windowed offices, interior conference room, large interior storage area. Lease term: through April 2014.
152 West 57th Street
4,003
$45
Sublease from RJ O'Brien & Associates. Built with 3 windowed offices, windowed conference room, windowed trading desk for 20 traders. Lease term: through April 2014.
152 West 57th Street
2,750
$52
Sublease from Lydian Asset Management. Built with 3 windowed offices, interior conference room, open area ideal for trading. Lease term: through July 2013.
1185 Avenue of the Americas
27,508
Low $60's
Sublease from Hess Corporation. Built with 33 windowed offices, 1 windowed and 3 interior conference rooms, open areas, 2 pantries. Lease term: 10 years.
1211 Avenue of the Americas
41,500 divisible
$68
Sublease from Ropes and Gray. Proposed build out consisting of windowed offices, windowed and interior conference rooms, multiple workstations. Lease term: 5 to 10 years.
120 Broadway
21,286 divisible
$33
Sublease from American Lawyer Media. Built with windows on 3 sides, open space plan with cubicles along the perimeter, windowed conference rooms. Sublease term: through October 2018.
568-578 Broadway
28,000 divisible
$48
Sublease from Scholastic, Inc. Above standard installation, consisting of windowed offices on all 4 sides, large open area. Lease term: through April 2018.
1550 Broadway
5,308
Low $40's
Sublease from Dynamic Credit Partners. Built with 3 windowed offices, windowed conference room, windowed open area ideal for trading. Lease term: through July 2013.
515 Madison Avenue
4,641
$53
Sublease from Fox River Execution Systems. Built with 3 windowed offices, 2 interior offices, windowed conference room, open area ideal for trading. Lease term: through November 2014.
75 Ninth Avenue
17,000
$35
Sublease from Greater New York Hospital Association. In move-in condition, with windowed offices, 3 conference rooms, open area. Furniture and phones are available, Tenant controlled HVAC and supplemental AC. Lease term: through March 2014.
3 Park Avenue
7,625
$32
Sublease from Oxford Industries. Mostly open build out with 1 windowed office, floor to ceiling windows, on a high floor with great light and views. Lease term: through December 2015.
90 Park Avenue
13,200
Low to mid
$40's
Sublease from First New York Securities. Built with 18 windowed offices, 2 windowed conference rooms, 3 open areas for trading desks. Lease term: through April 2015.
399 Park Avenue
24,662
Mid $50's
Sublease from Legg Mason. Built with windowed offices, windowed conference room, open area for up to 100 trading positions. Furniture included. Lease term: through September 2017.
100 Wall Street
9,441
$25
Sublease from GFI. Built with 13 windowed offices, 3 interior offices, interior conference room, open area. Lease term: through September 2013.
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