The new leases are for periods ranging from three to five years.Senior managing director Richard Price of Winoker Realty negotiatedthe transactions--six new leases, an expansion and a relocation--onbehalf of the building's owner, Texwood Investment Inc.
"850 Seventh Avenue is a rare find for tenants who thought theyhad been priced out of the Midtown market," Price says, adding thatthe building is an ideal location, as it is near transportation,hotels and only a few blocks from Central Park and the TheaterDistrict. Constructed in 1910, 850 Seventh Ave. is a 12-story,75,000-sf office building, with 24/7 security and otheramenities.
Leases negotiated by Price include: O Park/T Park Central, whichtook 2,935 sf on the seventh floor, and was represented by NicholasZarnin of the Lansco Corp. The lease is for a term of five years;Upper 11 Records LLC signed a three-year lease for 2,200 sf inPenthouse A. Richard Pugatch of the Hunter Organization representedthe tenant; Astic Productions relocated to the building's PenthouseB and signed a five-year lease for 1,900 sf; Winoker's RichardPrice represented both the landlord and tenant in the transaction;Kagaan Research Assoc. signed up for 1,130 sf over three years onthe third floor. Alan Eagle of Bergson Strategies negotiated onbehalf of the tenant; Big Chief Inc. took 1,100 sf on the fourthfloor for five years. Peter Wargacki of New York Commercial RealtyServices represented the tenant; Park Firm LLC renewed for twoyears and expanded to 585 sf on the fifth floor. Price representedboth parties; Theatrical Index Inc. leased 585 sf on the 11th floorfor three years. The company was represented by Bergson Strategies'Beth Weiss; Bridgehampton Chamber Music Association signed for 520sf on the seventh floor for a period of three years. Pricerepresented both parties in the deal.
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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.
