Tax and accounting firm FLSV Fund Administration Services is quadrupling its space at Malkin Holdings’ 1359 Broadway, Crain’s reported.
The 10,300-square-foot lease deal will see FLSV occupy 14,300 square feet on the 10th and 12th floors of the 22-story Midtown building, located between West 36th and West 37th streets. Asking rent for the space was in the $40s per square foot, and the leases for FLSV’s space expire in 2020.
Newmark Grubb Knight Frank ‘s Robert Silver and Anthony Sciacca represented FLSV in the deal, while Malkin Holdings was represented in-house by Tom Durels. The deal brings a more prominent and higher-status tenant to a building that was once dominated by small garment industry tenants, something that Malkin Holdings has actively been trying to encourage.
“It’s what we did at the Empire State Building, bringing in tenants like Li & Fung,” Durels said. [Crain’s] – Hiten Samtani