Sources close to the deal tell GlobeSt.com that the landlord of the 21-story property is East 26th Associates. Asking price was $45 per sf. James Buslik and Jeffrey Schwartz of Adams & Co. Real Estate LLC represented the landlord in the transaction while Herb Goldberg of Edward Warren & Co. represented the tenant. Buslik tells GlobeSt.com that the aggregate value of the lease is in excess of $12 million.
The 217,991-sf building located directly across the street from Madison Square Park boasts a tenant roster that includes Regency International, Wolford America and Vivre Inc. Retail tenants include International Silver Co., the Gym and Wallace Silversmiths.
"We are thrilled that we are able to accommodate Humanscale's astounding growth one floor beneath their existing headquarters," Buslik says in a prepared statement. "The space and Flatiron location is ideal for Humanscale and we hope to have them as a tenant for many years to come."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
