Ashkenazy moves to East 58th Street, gets bigger digs

TRD New York /
Dec.December 07, 2011 06:50 PM

Ashkenazy Acquisition, who converted the Knickerbocker hotel building to commercial condo, as The Real Deal reported today, has moved.

The firm took about 13,000 square feet at 150 East 58th Street in the summer and moved in a few weeks ago.

“Our firm has grown significantly and so we outgrew our space downtown at 433 Fifth Avenue,” said Michael Alpert, president at Ashkenazy.

Their previous space was “dark and boys’ clubby,” one source said, whereas the new office is airy and has great views. The new space came furnished and with high-end finishes, according to Haley Klein of Cushman & Wakefield. She represented sublandlord Alinda Capital Partners in the transaction along with Alex Chudnoff, who has since defected to Jones Lang LaSalle.

An Ashkenazy spokesperson declined to comment on the rent at the 433 Fifth Avenue space.

Ashkenazy traded their digs at 433 Fifth Avenue at 38th Street for the 39th floor penthouse on 58th Street, where it is subletting from Alinda Capital Partners, said Haley Klein of Cushman & Wakefield, who represented Alinda in the transaction along with Alex Chudnoff, who has since defected to Jones Lang LaSalle. Michael Berger of Colliers International represented the tenant. Berger could not be reached for comment.

Also known as the Architects & Designers building, 150 East 58th Street is owned by Vornado Realty Trust.

The asking rent in the six-year deal was $72.50 per square foot, Klein said.


Related Articles

arrow_forward_ios
Ben Ashkenazy, CEO of Ashkenazy Acquisition Corporation and 660 Madison Avenue (Credit: Google Maps)

Eataly in talks with Ashkenazy to gobble up some of Barneys space

Eataly in talks with Ashkenazy to gobble up some of Barneys space
285 Lafayette Street, Ashkenazy Acquisition's Ben Ashkenazy and Kushner Companies' Charles Kushner (Credit: Google Maps and Sasha Maslov for The Real Deal)

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree
Clockwise from left: Ben Ashkenazy, 711 5th Avenue, Wafra CEO Fawaz Al-Mubaraki, and Nightingale Properties' Elie Schwartz (Credit: Google Maps; Wafra)

Ben Ashkenazy is the secret ingredient in Nightingale, Wafra’s Coca-Cola deal

Ben Ashkenazy is the secret ingredient in Nightingale, Wafra’s Coca-Cola deal
Barneys at 660 Madison Avenue (Credit: iStock, Google Maps)

After rent hike, Barneys extends credit line

After rent hike, Barneys extends credit line
Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas falls though

Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas falls though

Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas falls though
Ashkenazy picks up Sheepshead Bay shopping center for $38M

Ashkenazy picks up Sheepshead Bay shopping center for $38M

Ashkenazy picks up Sheepshead Bay shopping center for $38M
Ralph Lauren’s exit at 625 Madison just compounded a big problem for SL Green

Ralph Lauren’s exit at 625 Madison just compounded a big problem for SL Green

Ralph Lauren’s exit at 625 Madison just compounded a big problem for SL Green
Barneys Madison storefront, Ben Ashkenazy. (Credit: Wikipedia Commons)

Ashkenazy gets go-ahead to double the rent at Barneys’ Madison Avenue flagship

Ashkenazy gets go-ahead to double the rent at Barneys’ Madison Avenue flagship
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...