The Real Deal New York

Virgo Business Centers expanding presence at Midtown office tower

Company is doubling its space at 1345 Sixth
February 16, 2018 11:00AM

1345 Sixth Avenue and Virgo CEO Joseph Scharf (Credit: Fisher Brothers and LinkedIn)

Virgo Business Centers, a shared office space provider, has inked a sublease deal that will see the firm double its footprint at 1345 Sixth Avenue.

The company’s new deal is for just over 42,000 square feet and will encompass the entire 33rd floor at the Fisher Brothers property, according to the Commercial Observer. Virgo should move into the space by June, and the sublease will run through the end of 2024. The asking rent was $79 a square foot.

Virgo appears to be leasing the 33rd floor from the investment management firm AllianceBernstein. The investment management company serves as the anchor tenant at 1345 Sixth, where it leases about 1 million square feet of space.

Anthony Dattoma from CBRE represented the tenant in the deal, and Jared Horowitz, Neil Goldmacher and Brian Goldman of Newmark Knight Frank represented the landlord.

Virgo now leases about 83,000 square feet at the building, as they subleased the second floor from AllianceBernstein in 2013, which spans 41,000 square feet. The company has more than 200,000 square feet across five New York buildings, including the Empire State Building.

The law firm Linklaters and the private equity firm Fortress Investment Group are also tenants at 1345 Sixth. [CO]Eddie Small