NEW YORK CITY-Adams & Co. Real Estate recently brokered two 10-year lease renewals at 44 W. 18th St. for sister companies Ronald Jonas Interiors and Jonas Upholstery Inc. The two spaces, located on the seventh and 10th floors, comprise a total of 22,610 sf and will continue to be used for showroom and office purposes.

James Buslik and Alan Bonett of Adams & Co. represented both the landlord, Forty Four Eighteen Associates, and tenants in the transaction. Buslik tells that the total aggregate value of the transaction is $7.7 million. Asking rents were $40 per sf.

The source tells that the aggregate rental for the seventh floor is $2.4 million and the 10th floor is $5.3 million. The 12-story, 179,186-sf property is located in the Flatiron District and boasts Pucci II Inc., Acheson Doyle, Architects, Pace Editions and National Reprographics Inc.

“The Flatiron District is home to many creative design firms, so it is the perfect spot for the Jonas companies,” Buslik notes. “The space has served these tenants well, and we were thrilled to broker this deal to keep them in the space.”

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