News: Brokerage

Handler RE arranges 27,000+ s/f of leases at 44 West 37th St.

New York, NY Handler Real Estate Organization has arranged more than 27,000 s/f of office and retail leasing at 44 West 37th St., a ground-up, 15-story, glass-and-steel property owned by Azul NYC.

Located on 37th St. between Fifth Ave. and Ave. of the Americas, 44 West 37th St. is a 15-story, 58,600 s/f mixed-use property offering tenants high-end finishes and creative office layouts.

Darell Handler, COO of Handler Real Estate Organization, who along with colleagues Alex Bush and Kyle Galin leads the agency leasing effort on behalf of 44 West 37th St., noted that leasing activity has been robust since they took over the agency at the end of January 2022, when the property was fully vacant.

“In that short time, we have leased more than sixty percent of the available space to an impressive list of tenants, creating a dynamic atmosphere,” Handler said. “The building is a beautifully appointed treasure for tenants seeking a boutique, full-floor presence in Midtown.”

The newly completed leases include:

  • High-end bakery Patis Bakery signed a long-term, 3,417 s/f retail lease for the ground floor. Ike Bibi and Carolina Aziz, of KSR, represented the tenant in the transaction.
  • Cosmetics brand Future Beauty Labs signed a long-term, 4,285 s/f lease for the entire 3rd floor. Bush, of Handler Real Estate Services, represented the tenant in the transaction.
  • Online retailer MyTheresa signed a long-term, 4,285 s/f lease for the entire 4th floor. Michael Leff, of Savills, represented the tenant in the transaction.
  • Home goods and accessary company Silver One International signed a long-term, 8,570 s/f lease both for the entire 5th and 6th floors. Handler, Bush, and Galin, of Handler Real Estate Services, represented the tenant in the transaction.
  • Apparel company Bluestar Clothing Co. signed a long-term, 4,285 s/f lease for the entire 7th floor. Handler, Bush, and Galin, of Handler Real Estate Services, represented the tenant in the transaction.
  • International asset manager and private investment firm Kawa Capital Management signed a long-term, 2,449 s/f lease for the entire 14th floor for their execution New York City headquarters. Handler, of Handler Real Estate Services, represented the tenant in the transaction.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,