SUBLEASES GALORE

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

Re: Best Deals on Office Space in New York City

 

                "And summer's lease hath all too short a date ..."

                                                                                            Shakespeare, Sonnets                                                                                   


We hope that all of our friends and clients are having an enjoyable summer. However, even Shakespeare's brilliant mind may have been focused on real estate matters during this season.

Is your lease coming due soon or have your space needs changed? If so, then Wharton Property Advisors can help. We scour 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 

             
  150 East 52nd Street  

 5,138

 

 Mid
$40's

 

Sublease from Fortis. Move-in condition, built with a mix of windowed offices and trading positions. Lease term: through October 2015.

             
  55 East 59th Street  

 12,512

 

 $60

 

Sublease from Citibank. Built with 8 windowed offices, 2 windowed conference rooms, 60 trading positions. Lease term: through September 2014.

             
  28 West 44th Street  

6,368

 

Mid
$20's

 

Sublease from Advent Software. Built with 3 windowed offices, 2 conference rooms, 30 workstations. Lease term: through October 2012.

             
  1270 Avenue of the Americas  

 7,790
divisible

 

Mid
$40's

 

Sublease from Chasm Lake Management. Built with 8 windowed offices, windowed conference room. Furniture is available. Lease term: through December 2016.

             

  61 Broadway

 

23,750

 

$25

 

Sublease from American Thoracic Society. Built with 33 offices, both windowed and interior, 40 workstations, some windowed, conference rooms. Lease term: through June 2012.

             

  350 Fifth Avenue 

 

10,171

 

 High
$20's

 

Sublease from IBM. Built with a mix of offices and open area, 2 conference rooms, full kitchen. Lease term: through December 2012.

             

  560 Lexington Avenue

 

16,235

 

$42

 

Sublease from Bayern LB. In move-in condition with perimeter offices, 3 interior conference rooms, open area. Directly metered. Lease term: through May 2021.

             

  59 Maiden Lane

 

18,903

 

$35

 

Sublease from Assent / Sungard. Ideal for a trading firm. Built with 8 windowed offices, 2 interior offices, windowed conference room, 46 workstations, 46 trading positions. Lease term: through January 2015.

             

  125 Park Avenue 

 

1,911

 

 $45

 

Sublease from Octane Research, Inc. Above standard installation with windowed glass fronted conference room, large windowed corner open space ideal for trading. Lease term: through November 2011.

   

 

 

 

 

 

  299 Park Avenue 

 

 6,973

 

 $69

 

Sublease from Sagent Advisors. Above standard installation built with 8 windowed offices, windowed conference room, open area, ideal for trading. Lease term: 3 years.

   

 

 

 

 

 

  1 Penn Plaza 

 

 18,410

 

 $46

 

Sublease from Petry Media. Full floor identity built with 10 windowed offices, 3 interior offices, windowed conference room, large windowed open area. Lease term: through July 2012.

   

 

 

 

 

 

  11 Penn Plaza 

 

 5,129

 

 $29

 

Sublease from Access One Communications. Built with 4 windowed offices, 2 interior offices, windowed conference room. Furniture can be made available. Lease term: through September 2011.

   

 

 

 

 

 

  110 William Street 

 

 9,790

 

Low
$20's

 

Sublease from WB Engineers. Built with 3 windowed offices, interior conference room, large windowed open area. Lease term: through September 2018.

   

 

 

 

 

 

  2 World Financial Center 

 

23,961

 

 $36

 

Sublease from Orange Business Services. Built with 10 windowed offices, 3 conference rooms, more than 75 workstations. 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

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