NEW YORK CITY—GTA Americas has renewed its 28,641-square-foot Midtown office lease at 5 Penn Plaza. The asking rent was $65. Savills Studley brokers David Goldstein and Gabe Marans represented GTA in the transaction. CBRE's Peter Turchin, Steve Eynon, Jason Pollen and Dave Caperna represented the landlord in the renewal on the entire fifth floor. The building is owned by a partnership named 5 Penn Plaza LLC. That group's managing partner, Stephen Haymes, is a partner in Haymes Investment Co.
Cushman & Wakefield has secured a 10-year, 16,304-square-foot lease for Octagon Credit Investors at 250 Park Ave. AEW Capital Management owns the property on behalf of one of its separate account clients. Cushman's David L. Hoffman Jr., vice chairman and Bryan Boisi, VP, represented the tenant while the real estate services firm's Robert Billingsley, vice chairman, Hoffman and Whitnee Williams, associate VP, represented the landlord. Although terms of the lease were undisclosed, asking rents for Octagon's space were in the $67-per-square-foot range.
Mission Capital Advisors has signed a 10-year, 13,558 square-foot, full-floor lease at 41 Madison Ave., a Rudin Family building. Asking rents at the 500,000-square-foot property in Midtown South were in the low $80s per square foot. The move is a relocation from 32 Ave. of the Americas, which is owned by the same landlord. Robert Steinman, VP at Rudin Management Co., represented the landlord in-house in the long-term transaction, while Sam Seiler, SVP at CBRE, represented the tenant.
The Kaufman Organization has secured two full-floor leases, totaling 10,836 square feet, at 19 W. 24th St. Each of the two companies—technology investor FJ Labs and men's custom clothing producer Knot Standard—signed a five-year, 5,418-square-foot lease. Kaufman principal Grant Greenspan, along with partner Michael Heaner and associate broker Elliot Warren, spearheaded both transactions on behalf of the landlord, 19W24. Asking rents for the spaces were in the high-$60's to mid-$70's-per-square-foot-range.
Cushman & Wakefield has secured a 10-year, 16,304-square-foot lease for Octagon Credit Investors at 250 Park Ave. AEW Capital Management owns the property on behalf of one of its separate account clients. Cushman's David L. Hoffman Jr., vice chairman and Bryan Boisi, VP, represented the tenant while the real estate services firm's Robert Billingsley, vice chairman, Hoffman and Whitnee Williams, associate VP, represented the landlord. Although terms of the lease were undisclosed, asking rents for Octagon's space were in the $67-per-square-foot range.
Mission Capital Advisors has signed a 10-year, 13,558 square-foot, full-floor lease at 41 Madison Ave., a Rudin Family building. Asking rents at the 500,000-square-foot property in Midtown South were in the low $80s per square foot. The move is a relocation from 32 Ave. of the Americas, which is owned by the same landlord. Robert Steinman, VP at Rudin Management Co., represented the landlord in-house in the long-term transaction, while Sam Seiler, SVP at CBRE, represented the tenant.
The Kaufman Organization has secured two full-floor leases, totaling 10,836 square feet, at 19 W. 24th St. Each of the two companies—technology investor FJ Labs and men's custom clothing producer Knot Standard—signed a five-year, 5,418-square-foot lease. Kaufman principal Grant Greenspan, along with partner Michael Heaner and associate broker Elliot Warren, spearheaded both transactions on behalf of the landlord, 19W24. Asking rents for the spaces were in the high-$60's to mid-$70's-per-square-foot-range.
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