A source familiar with the deal tells GlobeSt.com that theycannot discuss aggregate lease values or taking rent, but they didsay that asking rent was in the mid-$50s per sf. Converse will nowoccupy the top three floors of the 12-story landmark building,located on 23rd Street between Fifth and Sixth avenues.
The property houses Home Depot as well as Marc Ecko Enterprizesand office space for Interpublic and Mattel. Built in 1878, it isthe former home of the Stern Brothers Department Store, one of thecity's first retail stores. The source says that the 440,000-sfbuilding is currently 100% occupied.
GVA Williams principals Michael T. Cohen and Andrew Roos own thebuilding and represented themselves in the transaction. JosephThanhauser and Gordon Ogden of Burnam Wood represented Converse inthe lease negotiations.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
