Bow, Romeo and Grimaldo of Durst Org. lease 37,768 s/f to Vevo LLC; Berke and Ortiz of Newmark Knight Frank rep tenant

 

 

Manhattan, NY According to The Durst Org., Vevo LLC signed a five-year lease for 37,768 s/f on the 25^th floor of One Five One West 42^nd St.  Vevo has sub-leased the floor from law firm Skadden Arps for the past seven years. National Cable Communications, which signed a lease earlier this year for 65,000 s/f for the entire 11^th floor and partial 12^th floor, has signed an 11-year co-terminus lease for 16,724 s/f, the balance of the 12^th floor. The new deal brings NCC’s total s/f at the property to 82,442 s/f. NCC was previously a tenant at Durst’s 114 West 47^th St. for 15 years. They are moving to One Five One West 42^nd St. from their current offices at the Chrysler Building.

Vevo was represented by Newmark Knight Frank’s senior managing director David Berke with director Jonathan Ortiz and Savills’ vice chairman Erik Schmall and executive managing director Scott Weiss of represented NCC. The Durst Org. was represented in-house by executive vice president Tom Bow, senior managing director Rocco Romeo and senior leasing associate Tanya Grimaldo.

Recent lease signings at One Five One include BMO Capital Markets for 215,056 s/f, SS&C for 166,967 s/f and RSM for 112,474 s/f, and NASDAQ just signed for an additional floor at the property bringing their total footprint 180,000 s/f. 

Building on its reputation as the first green skyscraper in the country, One Five One West 42^nd St. achieved LEED Gold certification under LEED v4 Existing Buildings: Operations + Maintenance. This accomplishment is a direct result of a $150 million-plus capital improvement program which included: new entrances, a lobby renovation, new destination dispatch controls and elevators cabs, enhanced building automation and temperature control systems, and demand-controlled ventilation through sensors installed in each air handling unit.  Additionally, Durst rolled out its new amenity brand, Well&, on the fourth floor of the building. The 45,600 s/f amenity includes conference and meeting rooms powered by Convene and WellPlated, an artisanal food hall located in the reimagined Frank Gehry cafeteria and curated by Michelin Star restaurateur Claus Meyer.

“We are thrilled to have Vevo as a direct tenant and NCC expand at One Five One,” said Jonathan Durst, president of The Durst Org. “The building’s central location provides convenient access to mass transit and is only a block from one of New York City’s prized parks, Bryant Park.  Our recent $150 million capital improvement distinguishes 151 from the market with a new amenity floor with meeting and conference rooms, a coffee and wine bar, artisanal food hall, and an array of programming such as fitness and baking classes, guest speakers and trivia nights for our tenants to enjoy and mingle with their office community.”