NEW YORK CITY—Benefit Street Partners has signed a lease deal for 18,345 square feet of office space at 9 W. 57th St. The lease deal at Sheldon Solow's 50-story office tower is projected out at a lofty $200 per-square-foot.
Benefit Street Partners, part of private equity firm Providence Equity Partners, is taking space on the 49th floor of the tower building, according to Crain's New York Business.
There have been very few office leases in New York City that have commanded prices of $200-a-square-foot or higher. Last year, Ruane, Cunniff & Goldfarb Inc. leased 30,000 square foot on the 50th floor of the building for the same price.
Scott Panzer, a leasing broker at Jones Lang LaSalle who represents the building owner in leasing transactions at the 9 W. 57th St. building, adds that there are several pending leases of comparable value at the property. Newmark Grubb Knight Frank's Neil Goldmacher, Daniel Madison and John Moran represented Benefit Street Partners in the deal. See story in Crain's New York Business.
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