CBRE Recent Manhattan Office Leasing Deals

11/13/17

CBRE announced today the firm’s latest under-20,000-square-foot office leasing transactions in Manhattan.

Tenant Representation

CBRE’s Alex Benisatto represented Victory Capital Management in a 7,763-square-foot sublease at 280 Park Avenue for the partial 16th floor. The tenant is moving from 45 Rockefeller Plaza. Sublandlord PJT Partners was represented by Lance Leighton and Evan Margolin of Savills Studley.

CBRE’s Joseph Fabrizi and Arkady Smolyansky represented WP Global Partners in a 6,341-square-foot renewal at 650 Madison Avenue for the partial 19th floor. The term is five years. Owner Vornado Realty Trust handled the transaction in-house by Kevin West, Andrew Ackerman and Glen Weiss.

CBRE’s Sam Spillane represented Meios Acquisition in a 5,773-square-foot lease at 1250 Broadway for the partial 37th floor. Owner Global Holdings was represented by Ben Bass, Diana Biasotti, Harley Dalton, Paul Glickman and Mitch Konsker of JLL.

Landlord Representation

CBRE’s Sam Spillane and Bruce Surry represented owner Vornado Realty Trust in a 12,775-square-foot lease with SingularDTV at 40 Fulton Street for the entire fifth floor. The tenant is moving from 217 Water Street and was represented by Eric Fisher of Walker Malloy & Co.

CBRE’s Meghan Allen, Paul Amrich, Anthony Dattoma and Neil King represented owner TIAA-CREF in an 8,546-square-foot renewal with Inter Venture Capital Group at 780 Third Avenue for the entire 48th and 49th floors.

CBRE’s Michael Affronti, Ryan Alexander, Gerry Miovski and Zachary Price represented owner RXR Realty in a 7,925-square-foot lease with NMS Capital at 32 Old Slip for the partial 32nd floor. The tenant was represented by Travis Wilson of NKF.

CBRE’s Brad Auerbach, Keith Caggiano, David Caperna, Howard Fiddle, Gregg Rothkin and Arkady Smolyansky represented owners MetLife and Beacon Capital in a 6,910-square-foot lease with Numis Securities at the newly renovated 575 Fifth Avenue for the partial 25th floor. The term is 10 years. The tenant is moving from 275 Madison and was represented by Michael Mathias of Savills Studley.

Tenant and Landlord Representation

CBRE’s Paul Amrich, Neil King and Patrice Meagher represented tenant Ardian US and owner Principal Real Estate Investors in a 10,776-square-foot expansion/lease at 1370 Avenue of the Americas for the entire 25th floor. The term is seven years.

CBRE’s Sam Seiler and Ben Friedland represented Lux Capital in a 6,500-square-foot lease at 920 Broadway. The term is eight years. CBRE’s David Kleinhandler, Michael Politi and Zak Snider represented owner KLM Equities.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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