School of Visual Arts renews big lease deal at ABS Partners’ Gramercy building

Institution occupies 80K sf at 380 Second Ave

TRD New York /
Dec.December 13, 2017 09:40 AM

The School of Visual Arts renewed its 80,000-square-foot lease at 380 Second Avenue through 2031.

The school’s current deal in the 10-story building wouldn’t have expired for another three years but the tenant decided to renew early, the New York Post reported. The Gramercy Park building is owned by ABS Partners Real Estate, according to its website and property records.

The School of Visual Arts occupies floors two, five, seven and eight. Lipinski Real Estate Advisors represented the tenant in the deal.

Last year, ABS refinanced its Flatiron District office building at 915 Broadway with a $100 million loan from MetLife. It also bought teamed up with Benenson Investment Co. last year to buy three properties, including the Hammacher Schlemmer Building. [NYP]Konrad Putzier

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

136 East 57th Street (Credit: Google Maps)

ABS, AEW, East End Capital ink ground lease at Midtown East building with plans for overhaul