The Real Deal New York

Sol Goldman’s Solil takes full floor at SL Green’s 1185 Sixth

December 02, 2013 08:24AM

Solil Management, the company that manages the assets of the late real estate mogul Sol Goldman, has subleased about 27,500 square feet — the entire 10th floor — of SL Green Realty’s 1185 Sixth Avenue. Solil will sublet the space from oil company Hess for 14 years. Solil will move out of its longtime offices at 640 Fifth Avenue.

Solil, which is managed by Sol Goldman’s daughter Jane Goldman, tapped Norman Bobrow of brokerage Norman Bobrow & Co. to find the company a larger space, the Wall Street Journal reported. Cushman & Wakefield’s Amy Fox and Stuart Romanoff represented Hess. Asking rents at 1185 Sixth Avenue are $70 per square foot, the paper said.

Bobrow told the newspaper that most of Solil’s buildings did not have a suitably large space for its expanding operations. Indeed, after years of inactivity in its $6 billion portfolio, Solil has recently accelerated the pace of its deal-making, as The Real Deal reported. [WSJ, 1st item] –  Hiten Samtani