The Real Deal New York

Health services firm takes 37K sf on Billionaires’ Row

GuildNet to relocate to Empire State’s 250 West 57th Street
March 16, 2016 09:30AM

250 West 57th Street Tony Malkin

250 West 57th Street (inset: Tony Malkin (credit: Max Dworkin))

GuildNet, the health management services division of Lighthouse Guild, will soon take up residence at Empire State Realty Trust’s 250 West 57th Street.

The nonprofit signed a 10-year lease to take the 10th floor and part of the ninth at the 26-story, 430,000-square-foot Midtown office building between Broadway and Eighth Avenue. Asking rent at the space was about $67 per square foot, the New York Observer reported.

CBRE’s Brian Gell and Laurence Briody represented GuildNet in the deal. Keith Cody represented Empire State in-house, with the help of Cushman & Wakefield’s Harry Blair and Sean Kearns.

The real estate investment trust bought the property in 2013 for $170 million.

GuildNet is leaving its current home at the Lighthouse Guild’s headquarters at 15 West 65th Street.

Architecture and interior design firm CookFox Architects also recently took a space at the building, signing a 16-year lease for 18,000 square feet back in October. [NYO]Ariel Stulberg