NEW YORK CITY-The Northeast Power Coordinating Council has taken a 15-year lease on the entire 12,000-square-foot 10th floor of 1040 Ave. of the Americas. The space represents the largest size of the pre-built office suites that owner Skyline Developers is offering on three gut-renovated floors of the 24-story office tower.

In a release, William Cohen, EVP at Newmark Knight Frank and 1040 Sixth Ave.’s leasing agent, says the lease was signed “just a couple weeks after our successful broker event” at the repositioned property, which recently completed $15 million-plus worth of capital improvements . “During that event, brokers were able to experience firsthand the major capital improvements to the building and the three pre-built offices on the ninth floor.” The pre-built suites were made available on the ninth, 10th and 11th floors of the 256,000-square-foot property, and range in size from 3,500 to 12,000 square feet. Space can be leased individually or combined, the release states.

A Skyline source did not respond to’s calls for additional information by deadline. However, in August reported that asking rents would increase from the low $60s per square foot to the mid to upper $70s per square foot, following completion of the renovation. At that time, the property–situated on the northeastern corner of 39th Street and Sixth Avenue–was about 90% leased.

A release from Skyline says the pre-built suites feature glass walled conference rooms, tenant-controlled HVAC, full-height paneled wood doors, quality hardware, high-end lighting, fully operable windows and pantries with stainless appliances. The 24-hour attended lobby has been enhanced with new decorative fabric panels and a Wall Street Journal video wall.

Cohen represented Skyline Developers in the transaction, while Barry Rosner, senior managing director at Newmark Knight Frank, represented the NPCC, a regional entity formed in 1966 to help ensure the reliable operation of the bulk power system. As previously reported, Skyline bought 1040 Sixth, along with 1050 and 1052 Ave. of the Americas, as a package for $170 million in July 2007.

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