These were NYC’s top office leases in August

EisnerAmper took top billing with its Third Avenue space

TRD New York /
Sep.September 04, 2019 07:30 AM
Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

August was a fairly slow month for New York City’s office leasing scene, with only 464,100 square feet of space leased across the top 10 deals made public. A sizable portion of that total comes from EisnerAmper’s lease at 733 Third Avenue, which is more than double the size of the next largest lease on the list. Other big tenants on the list include public relations firms, tech companies and the New York Times.

All in all, August’s top office leases represent a huge step down in size from the square footage in July. July’s top 10 office leasing deals totaled 2.9 million square feet, roughly six times August’s total of 464,100. The total is also a step down year-over-year. The top 10 office leasing deals of August 2018 totaled about 1.3 million square feet.

1) EisnerAmper, 733 Third Avenue, Grand Central – 125,000 square feet
The accounting firm inked a 15-year lease for 125,000 square feet of space at 733 Third Avenue, including a street-level private entrance. The firm is relocating from the nearby 750 Third Avenue. Neil Goldmacher, Robert Emden and David Emden of Newmark Knight Frank represented the tenant while Tom Bow and Ashlea Aaron of Durst Organization represented the landlord in-house.

2) New York Times, 24-01 44th Road, Long Island City – 57,846 square feet
The news media company signed a 15-year lease for 57,846 square feet of space at 24-01 44th Road, where they will relocate 350 of their employees from their headquarters at 620 Eighth Avenue in Manhattan. With this new lease, the building also known as Court Square Place is now completely occupied. Robert Mitchell of Byrnam Wood represented the tenant while Greg Smith and Lauren Calandriello of JRT Realty represented the landlord, United Nations Federal Credit Union.

3) WeWork, 83 Maiden Lane, Financial District – 56,000 square feet
Just before its rocky IPO filing, the co-working firm inked a 15-year lease for 56,000 square feet of space at 83 Maiden Lane, bringing the building to full occupancy. Kent Swig and Andrew Simon of Helmsley Spear represented both the tenant and the landlord, AHRC New York City.

4) PDT Partners, 1745 Broadway, Midtown West – 50,000 square feet
The investment management company inked a lease to renew its 50,000 square feet of space at 1745 Broadway. Ben Friedland, Silvio Petriello and Mike Movshovich of CBRE represented the tenant while Robert Lowe of Cushman & Wakefield represented the landlord, Invesco Real Estate.

5) Unqork, 114 Fifth Avenue, Flatiron – 40,000 square feet
The tech company inked a sublease for 40,000 square feet of space at L&L Holding Company’s 114 Fifth Avenue. Jason Birk and Steven Marvin of Olmstead Properties represented the tenant while Carl Eriksen, James Ackerson and James Einstein of CBRE represented the sublandlord, Univision Communications. The building is also home to Mashable, MasterCard and Capital One.

6) Longevity Brands, 250 West 39th Street, Garment District – 34,000 square feet
The swimwear company expanded its 10-year lease for 34,000 square feet of space at 250 West 39th Street, consolidating its two Manhattan offices. Elliot Zelinger and Marc Schoen of Savitt Partners represented the tenant while William Golden and Bill Fressle of Cushman & Wakefield represented the landlord, Alduwaliya US Real Estate. Other building tenants include Muji and Stoll America.

7) McCubbin Hosiery, 200 Madison Avenue, Garment District – 26,476 square feet
The leg apparel retailer signed a five-year sublease for 26,476 square feet of space at 200 Madison Avenue. The space was formerly occupied and sublet out by Rose Associates.

8) Havas PR Worldwide, 200 Madison Avenue, Garment District – 26,401 square feet
The PR firm expanded its 5-year sublease for 26,401 square feet of space at 200 Madison Avenue, taking up the other half of Rose Associate’s space at the building, making for the building’s (and the space’s) second appearance on this list..

9) Downtown Music Publishing, 155 Sixth Avenue, Soho – 26,399 square feet
The music rights manager signed a lease for 26,399 square feet of space at 155 Sixth Avenue, relocating from their former space at 485 Broadway. Ross Perlman and Ryan Gessin of Newmark Knight Frank represented the tenant while Peter Shimkin, David Falk and Kyle Ciminelli of Newmark Knight Frank represented the landlords, Trinity Church Wall Street, Norges Bank Real Estate Management and Hines.

10) MassMutual, 10 Grand Central, Grand Central – 22,000 square feet
The insurance company signed a lease for 22,000 square feet of space at Marx Realty’s newly redeveloped office tower at 10 Grand Central. Stuart Romanoff and Amy Fox of Cushman & Wakefield represented the tenant while Howard Hersch, Sam Seiler and Cynthia Wasserberger of JLL represented the landlord, Marx Realty & Improvement.

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