The Real Deal New York

Midtown landlord scores hat trick on 38th Street

Three new leases commit tech and contracting tenants to nearly 15,000 square feet

June 13, 2014 02:15PM

From left: 102 West 38th Street and Brett Maslin

From left: 102 West 38th Street and Brett Maslin

Two technology companies and a general contractor have signed on for just under 15,000 square feet at 38 & 6 Associates’ 102 West 38th Street.

Solar panel-maker Solaire Generation inked a 10-year deal for 4,800 square feet on the seventh floor at a price of $41 per square foot. Downstairs on the sixth floor, cloud computing company Nimbo Technologies took 4,658 square feet for an undisclosed amount. Coyle Contracting Corp. rounded out the hat trick with a six-year lease on the 4,796-square-foot seventh floor at an asking price of $37 per square foot, according to the Observer.

The property is situated between Sixth Avenue and Broadway at the center of a transportation triangle formed by Penn Station, Grand Central and Port Authority.

Jeff Buslick of Adams & Co. represented landlord 38 & 6 Associates in all three transactions, as well as Solaire. His Adams colleague Brett Maslin represented Coyle Contracting, and Joseph Bergen of Norman Bobrow & Co. handled Nimbo’s side of the deal. [NYO]Tom DiChristopher

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