Savitt signs education tenants to 75K sf at 218 West 40th

Touro College, Long Island Business Institute inked leases

TRD New York /
Feb.February 06, 2018 08:31 AM

A pair of educational tenants are moving to a Savitt Partners building in Midtown.

Touro College has signed a 49,000-square-foot lease for classroom space on four floors of the building at 218 West 40th Street, while Long Island Business Institute has signed one for 25,000 square feet on two floors, according to the New York Post. The company’s boutique office building is now completely full.

Average asking rent at the building is $55 per square foot, although the specific terms for Touro College and Long Island Business Institute were not disclosed.

Other Savitt Partners properties include 530 Seventh Avenue, 499 Seventh Avenue and 11 West 19th Street.

Touro College recently scooped up a condo unit at Silverstein Properties and the Elad Group’s One West End for about $70 million and will use the space as dormitories. [NYP] – Eddie Small


Related Articles

arrow_forward_ios
Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

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

arrow_forward_ios