SUBLEASES GALORE

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

Re: Best Deals on Office Space in New York City

 

"Where quality is the thing sought after, the thing of supreme quality is cheap, whatever the price one has to pay for it."                                                                                                
                                                                                       William James
                                                                                                                                                                               
                                                                                       

Don't trust your office space to unproven rookies. In real estate you need an expert who can set you off in the right direction. Wharton Property Advisors has a 23 year history of securing quality space at great prices for our clients. That's why we have so many returning clients over the years.

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 

             
  150 East 58th Street  

 3,158

 

 $50

 

Sublease from The Harbor Group. Built with 3 windowed offices, 3 interior offices, windowed conference room, reception, pantry. 200+ car garage in building. Lease term: through April 2014.

             
  450 West 33rd Street  

 5,923

 

 $31

 

Sublease from Ve-me Media. Move-in condition, built with 4 windowed offices, 7 interior offices, 2 interior conference rooms, open area, reception. High ceilings. Hudson River views. Lease term: 2 years.

             
  619 West 54th Street  

31,811

 

$teens

 

Sublease from DG Fastchannel. Built with 10 windowed offices, 7 interior offices, 1 windowed conference room, 1 interior conference room, 2 large open areas, reception, 2 dedicated executive parking spaces. Lease term: through September 2013.

             
  250 West 57th Street  

 2,214

 

$38

 

Sublease from Health Central. Built with 3 windowed offices, interior conference room, open area, reception. Furniture is available. Lease term: through April 2013. Longer term is possible.

             

  1211 Avenue of the Americas

 

41,500 divisible

 

High $60's

 

Sublease from Ropes and Gray. Entire floor, built with a mix of windowed and interior offices, 2 large windowed conference rooms, 3 small windowed conference rooms, 20 secretarial stations, 12 paralegal stations. Can be divided into 15,770 and 25,730 sf. Extended HVAC hours at no charge. Sublease term: 5 to 7 years.

             

  17 Battery Place South 

 

12,000 divisible

 

 $30

 

Sublease from Wall Street Access. Built as mostly open space with conference room, room for 40+ trading positions, reception, pantry. Furniture may be made available. Supplementary HVAC. Lease term: through October 2016.

             

  140 Broadway

 

13,047

 

$44

 

Sublease from Catlin, Inc. Built with 4 windowed offices, conference room, 38 workstations, reception, pantry, file room. Supplemental HVAC unit. Furniture is included. Lease term: through May 2017.

             

  233 Broadway

 

1,501

 

$31

 

Sublease from Interamerican College of Medicine. Built with 2 windowed offices, windowed open area, reception, pantry. Lease term: through December 2016.

             

  22 Cortlandt Street 

 

2,500

 

 $24

 

Sublease from Primary Care Development Corp. Shared space consisting of 2 interior offices, conference room, 12 cubicles, with shared boardroom, pantry, reception. Lease term: 3 years.

   

 

 

 

 

 

  712 Fifth Avenue 

 

 10,480

 

 $59

 

Sublease from Merlin Securities. Built with 8 windowed offices, 2 windowed conference rooms, open area with 55 trading positions, reception. Furniture and phones are available. Lease term: through August 2016.

   

 

 

 

 

 

  435 Hudson Square 

 

 5,545

 

 $44

 

Sublease from Jefferson Financial. Built with 7 windowed offices, interior conference room, open area, reception. Great natural light. Furniture may be made available. Lease term: through December 2015.

   

 

 

 

 

 

  601 Lexington Avenue 

 

 5,001

 

 $100

 

Sublease from Silver Creek Capital. Built with 6 windowed offices, 2 interior offices, windowed conference room, open area, reception. Spectacular views. Lease term: through June, 2015.

   

 

 

 

 

 

  527 Madison Avenue 

 

 6,600

 

$65

 

Sublease from W.P. Stewart. Built with 8 windowed offices, 3 interior offices, 1 large windowed conference room, 1 small windowed conference room, reception, pantry. Ability to create open area. Lease term: through December 2017.

             

  590 Madison Avenue 

 

 19,158

 

$69

 

Sublease from Arkin Kaplan Rice. Built with a mix of windowed offices and windowed conference rooms. Double glass door directly off elevator. 360 degree views. Lease term: through June 2015.

             

  96 Morton Street 

 

 14,955

 

$35

 

Sublease from Ammann & Whitney. Built with 9 windowed offices, interior conference room, open areas, reception. Abundant natural light. Lease term: through December 2014.

             

  200 Park Avenue 

 

 20,218

 

$65

 

Sublease from Greenberg Traurig. Built with a mix of windowed offices, windowed and interior conference rooms, workstations, reception. Lease term: through November 2021.

             

  888 Seventh Avenue 

 

 19,102

 

$55

 

Sublease from Kaplan Education. High end build out consisting of 23 windowed offices, 3 windowed conference rooms, open area for 50+, reception, pantry. Ideal for trading. Furniture can be made available. Unobstructed Central Park views. Lease term: through February 2017.

             

  780 Third Avenue 

 

 1,879

 

$60

 

Sublease from FletcherBennet Group. Built with 2 windowed offices, windowed glass fronted conference room, 6 person trading desk, reception, pantry, IT, storage. Lease term: through May 2014.

             

  805 Third Avenue 

 

 5,241

 

High $30's

 

Sublease from Open Text. Built with 4 windowed offices, 2 windowed conference rooms, open area with 8 workstations, reception, pantry, server room. Furniture can be made available. Lease term: through October 2013.

             

  199 Water Street 

 

 21,999 divisible

 

$40

 

Sublease from Aon. Built with a mix of windowed offices and interior offices, interior conference room, open areas. Furniture can be made available. Ideal for private equity and trading. Both water and city views. Lease term: through September 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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