News: Brokerage

Adams & Co. brokers three leases totaling 35,744 s/f

Adams & Co. Real Estate recently brokered the following transactions: Design communications company Taylor & Ives signed a 10-year, 8,901 s/f lease at 48 W. 37th St. The company will use the new space as general and executive offices. David Levy, principal of Adams & Co., represented the landlord while Chris Mongeluzo of Newmark Knight Frank (NKF) represented the tenant in the transaction. Though details of the lease were undisclosed, the asking price was $40 per s/f. The firm recently brokered a five-year, 3,793 s/f lease at 1071 Avenue of the Americas for Rue 21. Levy and Jeffrey Schwartz of Adams & Co. represented the landlord, while Allen Gurevitch of NKF represented the tenant. Though details of the lease were undisclosed, asking rents were $44 per s/f. ASI System Integration Inc. has renewed their 10-year, 23,050 s/f lease at 48 W. 37th St. The company occupies the third and fourth floor of the building, which will remain the company's New York headquarters. Levy of Adams & Co. represented the tenant and landlord. Though details of the lease were undisclosed, the asking price was $40 per s/f. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total s/f. The full-service real estate firm is responsible for millions of s/f of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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