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SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - September, 2009

Re: Best Deals on Office Space in New York City

 

              "Whether we're talking about socks or stocks, I like buying
                                  quality merchandise when it is marked down."

                                                                                        Warren Buffett


Bulletin: New York City office space is on sale at 50% off. For those who are in the market exciting opportunities abound. That's where Wharton Property Advisors comes in.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can help. We search NYC 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 integrity.

Below is a sampling of the best deals now available.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  32 Avenue of the Americas  

 8,614

 

  $36

 

Sublease from Heat. Built with 3 corner offices, 2 windowed offices, windowed conference room, interior conference room, reception, pantry, copy/storage. Lease term: through May 2016.

             
  1 Battery Park Plaza  

 6,900

 

  $25

 

Sublease from Meridian Capital. Built with 10 windowed offices, windowed conference room, multiple workstations. Lease term: through June 2011.

             
  860 Broadway  

12,500

 

 Low
$40's

 

Sublease from Ben Sherman. Built with both windowed and interior offices, large open area, 11'-0" high ceilings. Lease term: negotiable.

             
  505 Fifth Avenue  

 21,712

 

$60

 

Sublease from American Capital. Divisible into 2 spaces of 10,856 sf each. Brand new, high-end, fully furnished unit, built with 30 perimeter offices, 4 conference rooms, exposures on all 4 sides. Lease term: negotiable.

             

  360 Madison Avenue

 

14,241

 

$37

 

Sublease from SIFMA. Built with 18 offices, 2 conference rooms, 24 workstations, kitchen. Furniture and phones are available. Lease term: through August 2017.

             

  520 Madison Avenue 

 

14,051

 

 Low
$40's

 

Sublease from Fortis/BNP. Built with 14 perimeter offices, 12 interior offices, conference room, very large bullpen. Lease term: negotiable.

             

  590 Madison Avenue

 

8,838

 

Mid
$40's

 

Sublease from Lovells. Built with 14 windowed offices, 2 corner offices, 2 interior offices, 2 conference rooms, boardroom, open area, reception. Lease term: through February 2016.

             

  450-460 Park Avenue South

 

6,000

 

Mid
$30's

 

Sublease from Heartbeat Digital Media. Built with 4 offices, conference room, open area for 27 workstations, reception, server room. Furniture is available. Tenant controlled air conditioning. Lease term: through October 2012.

             

  30 Rockefeller Plaza 

 

  6,000
to
10,000

 

  $70

 

Sublease from UBP Asset Management. Built with a mix of perimeter offices and perimeter and interior workstations. New furniture is available. Lease term: negotiable.

   

 

 

 

 

 

  233 Spring Street 

 

  7,400

 

  $26

 

Sublease from Cowtan & Tout. Built as loft space, mostly open with 4 to 6 offices, open area, pantry. Lease term: through December 2014.

   

 

 

 

 

 

  17 State Street 

 

  3,764

 

  $43

 

Sublease from Netologic Inc. Built flexible space with spectacular harbor views. Lease term: through February 2011.

   

 

 

 

 

 

  909 Third Avenue 

 

  7,673

 

  $42

 

Sublease from Robeco Investment Management. Built with 10 windowed offices, 2 corner conference rooms, open area, reception, pantry. Lease term: negotiable.

   

 

 

 

 

 

  160-170 Varick Street 

 

  6,000

 

  $33

 

Sublease from Hungry Man. Built with 4 windowed offices, 2 interior offices, 2 windowed conference rooms, multiple workstations. Lease term: through March 2016.

   

 

 

 

 

 

  14 Wall Street 

 

  3,273

 

  $36

 

Sublease from Direct Access Partners. Newly built, turnkey space with trading positions for 15, 1 large windowed office, windowed conference room. Lease term: through June 2012.

   

 

 

 

 

 

  30 Wall Street 

 

  2,792

 

  $30

 

Sublease from Banyan Partners. Built with 2 windowed offices, 2 interior offices, conference room, open area. Lease term: through January 2011.

   

 

 

 

 

 

  7 World Trade Center 

 

  4,022

 

  $48

 

Sublease from Scout Real Estate Capital. Built with 6 offices, conference room, open area for 4 cubicles, pantry. Furniture and phones are available. Lease term: through March 2015.

   

 

 

 

 

 

  150 West 30th Street 

 

  6,646

 

  $30

 

Sublease from GGS Publishing. Full floor built with 7 windowed offices, conference room, 25 workstations. Spectacular light and views. Lease term: negotiable.

   

 

 

 

 

 

  129 West 27th Street 

 

  7,500

 

  Low
$30's

 

Sublease from THQ. Built with 9 windowed offices, conference room, 14 workstations, reception. All furniture, fixtures, equipment available. Lease term: through September 2013.

   

 

 

 

 

 

  228 East 45th Street 

 

  3,623
to
12,803

 

  $43

 

Sublease from Cantorsei, Inc. Full floor is available or divisible into 2 spaces, 9,180 sf and 3,623 sf. Beautifully built space with mix of private offices and open area, glass conference room, break room, over 16 windows. Lease term: 3 to 5 years.

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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