News: Brokerage

Gutnick and Maltz of Newmark Grubb Knight Frank secure 7,558 s/f lease

New York, NY Newmark Grubb Knight Frank (NGKF) has secured a 7-year, 7,558 s/f lease for Schireson Associates at Five Bryant Park. NGKF’s Scott Gutnick, associate, and Aaron Maltz, associate director, represented the tenant in the transaction. Landlord Equity Office, an affiliate of Blackstone Group, was represented by NGKF’s Brian Waterman, vice chairman, Brent Ozarowski, executive managing director, Josh Gosin, managing director, and Alex Radmin, associate. Schireson Associates, a full-service market research consultancy specializing in high-tech data and analytics, is relocating from its current 3,886-square-foot space at Three Columbus Circle to the boutique space at Five Bryant Park, where the firm will occupy the entire 33rd floor of the building. The company is set to move in this spring. Built in 1958, Five Bryant Park has recently undergone extensive building renovations, now boasting an updated lobby and brand new building entrance on 41st St. in addition to its original 40th Street entrance. The 33rd floor space includes polished concrete floors, exposed ceilings, an open pantry and floor-to-ceiling glass panels that display unobstructed views of Bryant Park and Midtown. Located in one of the most geographically convenient areas in Manhattan, the building is in walking distance of numerous restaurants, shops and transportation hubs including Grand Central Station and Penn Station. “While some TAMI tenants have previously focused on Midtown South and the Upper Plaza District, landlords like Equity Office are drawing in more of these tenants to the Bryant Park area with creative installations and boutique floor plates,” said Gutnick. “Schireson Associates felt that Bryant Park was a perfect match for the firm’s culture and is looking forward to a new home for its growing employee base.” “We’re thrilled to add Schireson Associates to our tenant roster,” said Equity Office’s Scott Silverstein. “It’s an innovative company with an appreciation for our highly creative and quality pre-builts in the heart of the thriving Bryant Park submarket.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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
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