News: Brokerage

Cushman & Wakefield facilitates five subleases - 112,047 s/f at 1745 Broadway

Manhattan, NY Cushman & Wakefield has facilitated five sublease transactions totaling 112,047 s/f at 1745 Bdwy. This 780,525 s/f, 26-story office building is located at the southwest corner of 56th and Bdwy. in Midtown.

Cushman & Wakefield’s Richard Bernstein, Adam Ardise, Stephen Bellwood, Lei-Lani Keelan and Troy Elias represented the sublandlord, Penguin Random House, in these transactions.

Knobbe Martens, an intellectual property law firm, secured the entire 21st floor, totaling 27,375 s/f. The subtenant was represented by Newmark’s David Berke and Scott Gutnick.

Tag Wall, a creative design and branding agency, subleased the entire 8th floor, totaling 26,366 s/f. The tenant was represented by JLL’s Matt Astrachan, Ben Bass, Harrison Potter and Kate Roush.

Procurement Advisors, a consulting firm specializing in procurement strategies, signed a 15,052 s/f sublease on part of the 22nd floor. The subtenant was represented by JLL’s Matt Astrachan and Seth Godnick.

Make-A-Wish Foundation of New York, a nonprofit granting wishes to children with critical illnesses, subleased 12,373 s/f on part of the 22nd floor. The nonprofit was represented by Artisan Alliance’s Sarah Pontius and Carleigh Bettiol.

RD Management, a real estate investment and development firm, signed a 17,363 s/f lease on part of the 7th floor. They were represented by Newmark’s Ben Shapiro, Bill Levitsky and Matt Augarten.

“We have successfully subleased over one-third of the space we are marketing at 1745 Bdwy. in just one year,” said Bernstein. “This achievement underscores the building's appeal and the strong demand for high-quality office space in this prime Midtown location.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional