Leasing heats up at 1140 Sixth Ave. office tower

CityMD signs latest 12,750-square-foot deal at the Midtown building

New York /
Sep.September 28, 2013 02:00 PM

The 22-story office building at 1140 Sixth Avenue has landed another full-floor, 12,750-square-foot lease, bringing the total number of new leases in the tower over recent months to approximately 51,000 square feet. The new lease comes from CityMD, an urgent care practice.

Equity Office Properties and Blackstone Group purchased the 231,000-square-foot building in 2011 for roughly $100 million, following a fierce bidding war. Blackstone subsequently made capital improvements that include a new glass façade, new lobby, new elevators, and redesigned mechanicals and infrastructure.

And the renovation has helped Jones Lang LaSalle, which Blackstone tapped to market the building, to lease approximately 130,000 square feet over the past 18 months, according to the Commercial Observer.

Some of the recent deals in the building include: King & Grove’s 5,284-square-foot lease for its headquarters, 7,466 square feet from Grace Beauty, a beauty industry management and investment firm, and two full-floor, 12,750-square-foot leases from Knighthead Capital Management and Starwood Property Trust.

Douglas Neye and David Wassel of JLL, and Equity Office Properties’ in-house broker Jessica Kanfer, represented the landlord in the CityMD deal. Sinclair Li, Sam Seiler and Peter Shikar of CBRE represented CityMD. [NYO]Christopher Cameron


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