Newly renovated 747 Third lands five new tenants

New York /
May.May 17, 2012 02:00 PM

Led by flexible workspace firm Regus, five new companies have signed leases totaling approximately 53,422 square feet at the recently renovated 747 Third Avenue office building, landlord William Kaufman Organization said today. A Jones Lang LaSalle team composed of Frank Doyle and Alexis Tener represented the building, which occupies the full block between East 46th and East 47th streets, in the transactions.

Regus signed a 15-year lease at the building on 28,478 square feet for its three-floor flagship business center, featuring a 5,000-square-foot multi-purpose office lounge. Richard Rosenhaus of Rosenhaus Real Estate represented Regus through the negotiations.

“Demand for co-working spaces is growing at an exponential rate,” said Michael Berretta, vice president of business development for Regus. “Whether you are a freelancer working from home or a corporate employee working remotely, individuals can now have immediate access to a professional co-working environment at street level with amenities and services previously unavailable in the city.”

New leases were also signed with Group Gorden for eight years on 3,930 square feet, Practical Law Company for nine years on the 11,219-square-foot 38th floor penthouse, Toppan Printing Company America for five years on 6,252 square feet and Advanced ICU Care for five years on 3,563 square feet. At least six companies at 747 Third Avenue renewed their leases, totaling 11,634 square feet with the landlord. The terms of the leases are not immediately available.

The new leases come after a multi-million dollar renovation of the building, which updated the entrance and lobby, and added new elevator cabs and common corridors. — Christopher Cameron


Related Articles

arrow_forward_ios
Apple CEO Tim Cook and Kaufman Astoria Studios at 34-11 36th Street in Astoria (Getty; ONstate Kaufman)
Apple TV+ signs big lease at Kaufman Astoria Studios
Apple TV+ signs big lease at Kaufman Astoria Studios
56 West 22nd Street and Michael Kasmierski (Credit: Google Maps)
Kaufman, AXA make $50M Midtown South buy
Kaufman, AXA make $50M Midtown South buy
40 West 25th Street and Kaufman Organization's Michael Kazmierski (Credit: Google Maps and Kaufman)
Unizo strikes deal to sell one of its last New York properties
Unizo strikes deal to sell one of its last New York properties
Michael Kazmierski and 19 West 24th Street (Credit Kaufman Organization and Google Maps)
Kaufman Org lands $120M refinancing for Madison Square portfolio
Kaufman Org lands $120M refinancing for Madison Square portfolio
SL Green buys majority stake in $440M Hudson Yards-area building
SL Green buys majority stake in $440M Hudson Yards-area building
SL Green buys majority stake in $440M Hudson Yards-area building
Kaufman Org hires industry veteran Jeff Rosenblatt
Kaufman Org hires industry veteran
Jeff Rosenblatt
Kaufman Org hires industry veteran
Jeff Rosenblatt
George Kaufman, Manhattan developer who revitalized major film studio, dies
George Kaufman, Manhattan developer who revitalized major film studio, dies
George Kaufman, Manhattan developer who revitalized major film studio, dies
From left: 155 West 23rd Street, Kaufman Org's Grant Greenspan and Ripple's Chris Larsen (Credit: LinkedIn and Ripple)
Cryptocurrency company Ripple signs for Chelsea office
Cryptocurrency company Ripple signs for Chelsea office
arrow_forward_ios

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

Loading...