Posted: August 8, 2011
Adams & Co. brokers eight leases at 110 West 40th Street totaling 8,796 s/f; Includes 2,535 s/f for SPIRE by Levy and Maslin
Adams & Co. Real Estate, LLC has brokered eight leases at 110 West 40th St. totaling 8,796 s/f. The deals include the following:
* A five-year, 2,535 s/f expansion for SPIRE Creative Group, Inc. David Levy and Brett Maslin of Adams & Co. represented the tenant and the landlord, One Ten West Fortieth Associates.
* A six-year, 1,578 s/f lease for Liberty Fabrics, Ltd. Savitt Partners, LLC represented the tenant, while Levy and Maslin represented the landlord.
* A seven-year, 1,245 s/f renewal for Beverly Browne. Levy and Maslin represented the tenant and the landlord.
* A six-year, 1,182 s/f lease for IBC-PM, Inc. Levy and Maslin represented the tenant and the landlord.
* A six-year, 833 s/f lease for Place Avision, Inc. Levy and Maslin represented the tenant and the landlord.
* A four-year, 475 s/f lease for Yettpo, Inc. Levy and Maslin represented the tenant and the landlord.
* A six-year, 475 s/f lease for Barry Morentz and Rona Raines. Nick Zagar of Adams & Co. represented the tenant and Levy and Maslin of Adams & Co. represented the landlord.
* A five-year, 473 s/f lease for Deow Resource Management Inc. Furumoto Realty represented the tenant while Levy and Maslin represented the landlord.
"We continue to see great demand in the Transit Triangle because of its proximity to Manhattan's three major transportation hubs, variety of great retail and restaurants, as well as some of the city's most competitive office rates," said Levy, principal of Adams & Co. "110 W. 40th St. offers great value at a location that is ideal for new and established businesses alike."
The 26-story, 129,808 s/f property is located near Bryant Park and boasts 24-hour access. Recent renovations include new elevators and a new lobby. Notable tenants include Belmont Freeman Arch., Nu Image and Crumbs Bakeshop. Retail tenants include Croton Reservoir Tavern and Crisp Restaurant.
Adams & Co. is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of s/f of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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