New York City
Whole Foods has signed on for 36,000 square feet of retail space atthe forthcoming 250 E. 57th St., its first East Side location andthe 12th metro area lease it’s signed with the help of brokerageNorthwest Atlantic. The new building will also house PS 59 and theHigh School of Art and Design; a groundbreaking ceremony took placeon Friday. The natural foods retailer and landlord World-Wide Groupbegan discussions on the site in 2006. “We had a deal signed in2008, but when the economy went south the landlord couldn’t getfinancing,” says Chase Welles, EVP of Northwest Atlantic, in arelease. “Over the last year we reworked the deal for a smallerbuilding that the developer was able to construct.”

Evidently finding SL Green Realty Corp.’s 100 Park Ave.conducive to growing its business, a Wells Fargo Bank subsidiaryhas expanded by 12,065 square feet on a portion of the second floorof 100 Park. Wells Fargo Trade Capital Services now occupies atotal of 69,226 square feet at the 825,815-square-foot officetower. It’s the second expansion in a little more a year for thetenant. James Travers and James Fish of Travers Realty Corp.represented Wells Fargo in the transaction, while a Cushman &Wakefield team of Paul Glickman, Alex Chudnoff, Tara Stacom, MittiLiebersohn, Diana Biasotti and Jonathan Tootell acted on behalf ofSL Green.

Adams & Co. recently brokered a five-year, 7,950-square-footlease at 119 5th Ave. for interior design firm Wilson Associates.Jeffrey Schwartz of Adams & Co. represented landlord 119 FifthAve. Corp. and Robert Corbi of Jones Lange LaSalle represented thetenant in the transaction.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.