News: Brokerage

Halpern and Stella of CresaPartners negotiate 4,776 s/f office lease

WorkFlowOne has leased 4,776 s/f of office space on the 11th floor at 1040 Avenue of the Americas, according to CresaPartners, which negotiated the five-year lease. The tenant relocated to the building - directly across from Bryant Park - from its former address at 276 Park Ave. South. It took occupancy last month. "Being equally close to transit hubs at Grand Central Station, Penn Station, and the Port Authority is a valuable asset for any sales-oriented business," said Justin Halpern, associate at CresaPartners, who represented the tenant. In addition to Halpern, Bob Stella, principal and executive VP of CresaParnters, represented the tenant. The building's owner, Garden Homes, was represented in the deal by Billy Cohen, Matt Leon, and Ryan Kass of Newmark Knight Frank. CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Management. With more than 50 offices, CresaPartners is the largest tenant representation firm in North America. Internationally, CresaPartners covers more than 125 locations in 35 countries. For more information visit www.cresapartners.com
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