Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Accounting and consulting firm Eisner LLP has expanded its space at the 779,641-sf 750 Third Ave. by leasing 33,981 sf for eight years. The firm took the entire 13th floor, which was previously scheduled to become vacant in 2009.

Steven Durels, director of leasing and real property at SL Green Realty Corp., the locally based firm that owns the building, tells GlobeSt.com that asking rent at the property is $70 per sf, but he could not provide further lease terms. He explains that TIAA-CREF is vacating the space “in connection with a long planned consolidation.”

The firm will now occupy a total of 106,904 sf at the 34-story building known as Grand Central Square, which is 100% leased. The tenant was represented in the transaction by Harry Krausman of Colliers ABR, while owner, SL Green Realty Corp., was represented in-house by David Turino.

Also at 750 Third Ave., the Republic of Poland signed a new 15-year lease covering 17,890 sf. Poland’s Permanent Mission to the UN is being relocated to the recently-renovated property, where it will occupy the entire 30th floor and part of the 29th floor, which was previously scheduled to become vacant in 2009.

Ronald Shakerdge of Republic Realty Services Inc. acted on behalf of the Mission, while SL Green was represented in-house by Turino. Durels tells GlobeSt.com that the Republic of Poland was attracted to the building “because of its convenient proximity to the UN.” According to SL Green’s website, major tenants include Fairchild Publications, North Fork Bank, and Schonbraun McCann LLP.

According to SL Green’s Q3 operating and leasing activity numbers, the company reported revenues and EBITDA of $268.7 million and $154 million, respectively, increases of $23.4 million, or 9.6%, and $14.1 million, or 10.1%, respectively, compared to the same period in 2007. During the quarter, according to a prepared statement, the company had strong leasing activity at 100 Park Ave., 461 Fifth Ave., 711 Third Ave., 420 Lexington Ave., 750 Third Ave. and 750 Washington Blvd. Average starting Manhattan office rents of $66.78 per rentable sf for the third quarter represented a 55% increase over the previously fully escalated rents.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.