C&W tapped for Midtown South office building

TRD New York /
Mar.March 25, 2013 12:00 PM

Emmes Asset Management has tapped Cushman & Wakefield as the exclusive leasing agent for the 12-story office building at 158 West 27th Street, according to the real estate company.

Emmes acquired the building about a month ago for $57.5 million from Stephen Meringoff and Leslie Himmel. The price was more than double the $25 million that Meringoff and Himmel paid in 2010.

Cushman’s marketing team will consist of Bruce Mosler, chairman; Mark Mandell, executive director; Ethan Silverstein, director; Mikael Nahmias, senior managing director; and Matthias Li, senior associate.

“We are excited to be working with Emmes as the exclusive leasing agent on this unique property in Midtown South, which is the hottest neighborhood in Manhattan and the tightest market in the nation, with a 6.8 percent vacancy rate and rents that have risen more than 8 percent year-over-year,” Mosler said in a statement.

Rent in the 117,158-square-foot boutique loft office building runs in the mid-$50 range per square foot. The property features 96,610 square feet of office space, located on floors three through 12, and 20,548 square feet of retail space on the lower floors. —Christopher Cameron

Related Articles

The Coca-Cola building at 711 5th Avenue (Credit: Google Maps and iStock)

Flipped off: The inside story of Coca-Cola’s botched building sale

Vineyard Vines HQ sold in Stamford, Avon inks Rye deal & more Westchester and Fairfield real estate news

Real estate tech investor Fifth Wall launches $500M fund

New heights for Everest as insurer inks North Jersey’s largest lease deal of 2019

This Westchester development site just hit the market seeking nearly $30M

Somerville moves forward with 31-acre transit village, Woodcliff Lake office property sold for $36M & more North Jersey real estate news

Steel Haus at 41-32 27th Street in Long Island City

Brand new Long Island City rental tower in Opportunity Zone tower hits the market

American Dream in East Rutherford finds a sponsor, Frank Lloyd Wright-designed home lists in Glen Ridge & more North Jersey real estate news