Sources close to the deal tell GlobeSt.com that the landlord ofthe 21-story property is East 26th Associates. Asking price was $45per sf. James Buslik and Jeffrey Schwartz of Adams & Co. RealEstate LLC represented the landlord in the transaction while HerbGoldberg of Edward Warren & Co. represented the tenant. Busliktells GlobeSt.com that the aggregate value of the lease is inexcess of $12 million.
The 217,991-sf building located directly across the street fromMadison Square Park boasts a tenant roster that includes RegencyInternational, Wolford America and Vivre Inc. Retail tenantsinclude International Silver Co., the Gym and WallaceSilversmiths.
"We are thrilled that we are able to accommodate Humanscale'sastounding growth one floor beneath their existing headquarters,"Buslik says in a prepared statement. "The space and Flatironlocation is ideal for Humanscale and we hope to have them as atenant for many years to come."
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