St. Giles School, the Catholic educational institute sponsored by St. Giles Parish, is taking over the King’s College’s 11,880-square-foot eighth floor at 330 Fifth Avenue, the New York Observer reported.
The new sublease will double the school’s occupancy in the building, and the school has plans to connect its space on the seventh and eighth floors by adding a new staircase.
King’s College initially inked a 10-year deal at 330 Fifth in 2008, looking for space close to its main 50,000-square-foot operation at the Empire State Building next door. The school has since reshuffled its real estate, boarding up and moving to the Wall Street area.
The move downtown rendered the 300 Fifth avenue space overflow, Steven Blair Strati, a Cushman & Wakefield broker on the deal, told the Observer. Strati was joined on the deal by Mark Lauzon, representing King’s College, and Thomas Kaufman, representing St. Giles. All three brokers were from Cushman & Wakefield. [NYO] – Julie Strickland