David Lebenstein, senior managing director Colliers ABR, alongwith Debra Wollens, associate director of Colliers ABR, representedTCC Group. Mitchell Konsker and Robert Gallucci of Cushman &Wakefield and Alex Levine of the Witkoff Group represented thelandlord. Michael Utevsky served as the attorney for the tenant andRichard Cohen of the Witkoff Group represented the landlord.
A Colliers ABR spokesperson tells GlobeSt.com that they cannotdisclose the price per sf or the aggregate value of the lease.However, a source close to the deal tells GlobeSt.com that askingrents range in the high $30s at this particular location. Thesource also tells GlobeSt.com that the 19th floor of 50 E. 42ndSt.--where the consulting firm moved from--is currently beingmarketed for lease.
The spokesperson did say that the reason they needed to move wasbecause of the cost in the Grand Central submarket where theiroffice was located. "TCC Group needed to double its space, but thetight Grand Central submarket and high rents made it difficult tostay in the Grand Central area," says David Lebenstein. "It wasimportant to TCC Group to stay close to Midtown with easy access toboth Penn Station and Grand Central Terminal. By moving to MidtownSouth, we were able to secure a reasonably high quality space foran affordable price."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
