The American Language Communication Center signed a 65,000-sflease at 229 W. 36th St. ALCC will relocate its Manhattanfacilities, which are currently situated within the HotelPennsylvania at 401 Seventh Ave. A CBRE source tells GlobeSt.comthat average asking rents at 229 W. 36th St. are in the mid-$40sper sf.
The CB Richard Ellis team of David Hollander and Sacha Zarbanegotiated the 20-year lease on behalf of the building ownership,Real Estate Capital Partners. Howard Simson and Jarod Stern ofStudley represented ALCC.
[IMGCAP(2)]ALCC plans to house classrooms and offices from thesecond through the sixth floor of the 12-story property. "Inaddition to the property's ideal location in the heart of the PennPlaza District, the ownership's hands-on approach andresponsiveness were instrumental in ALCC's decision to bring theschool to 229 W. 36th St.," Hollander says.
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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.
