NEW YORK CITY—A pair of long-term office leases leave only a63,000-square-foot block comprising two full floors available atthe 874,000-square-foot 622 Third Ave. The two deals at the CohenBrothers Realty Corp. property total nearly 79,000 square feet.

|

Larger of the two leases is subtenant Third Avenue Holdings’conversion to direct space, signing a 10-year lease for two fullfloors totaling 52,000 square feet. The asset management firm wasrepresented by Gregg Lorberbaum of Centric Real Estate Advisors;David Nevins and Adam Karafiol provided in-house representation forthe landlord.

|

Cohen Brothers on Wednesday also announced that corporatecommunications firm J. Frank Associates is moving from 140 E. 45thSt. into a full floor of 26,000 square feet at 622 Third. Cushman& Wakefield’s Andrew Sachs represented the tenant, while theC&W team of Bruce Mosler, Arthur Mirante, Joseph Cabrera andDavid Glassman represented the landlord.

|

The J. Frank deal was the latest fruition of a strategic leasingconsultancy assignment first announced in February, with Moslerputting together a “dream team” to provide services across CohenBrothers’ 10-million-square-foot commercial portfolio. Both leaseswere reported earlier in the New York Post, which quoted aballpark figure in the low $50s per square foot for the remainingspace at 622 Third. The 39-story tower is also known as GrandCentral Plaza.

|

Farther downtown on Manhattan’s East Side, Grubb & Ellissaid Wednesday that it has arranged a 55,000-square-foot lease toWorld Class Learning Group, parent company of British Schools ofAmerica. The long-term deal, marking World Class Learning’s firstManhattan location, entailed a lease of La Salle Academy’s currentbuilding at 44 E. 2nd St.

|

Grubb managing director Martin Cottingham, a member of LaSalle’s board of directors, served the Catholic high school in anadvisory capacity. His colleagues Frank Mancini, executive managingdirector, and Andrew Phillips, senior advisor, represented WorldClass Learning, which reportedly plans to open in September. LaSalle will co-locate at 215 E. 6th St. with St. George’s UkrainianCatholic School, according to the New York Observer.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.