News: Brokerage

Buslik and Schwartz of Adams & Co. inks lease for Humanscale Corp.

Adams & Co. Real Estate recently completed a 10-year, 12,083 s/f expansion lease and 12,083 s/f renewal lease at 11 E. 26th St. for ergonomic furniture company Humanscale Corp. The company, which already occupied the eighth floor of the property, will use the new seventh floor space to house its growing design and marketing team. The 21-story, 217,991 s/f building is located near Madison Sq. Park. James Buslik and Jeffrey Schwartz of Adams & Co. represented the landlord in the transaction while Herb Goldberg of Edward Warren & Co. represented the tenant. Although the details of the lease were undisclosed, the asking price was $45 per s/f. Adams & Co. Real Estate also recently brokered a 10-year, 10,000 s/f lease at 48 W. 38th St. for United Legwear Co., LLC, a leading legwear and accessories manufacturer. The fashion company will use the new space for showroom, office and design purposes. Michael Greenberg of Adams & Co. represented the tenant while Bonafide Estates Inc. represented the owner and landlord in the transaction. Though details of the lease were undisclosed, the asking price was $38 per s/f. Built in 1912, the 12-story property is located in the Transit Triangle District between Port Authority, Penn Station, and Grand Central. The full-floor showroom space has high ceilings and hardwood floors. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet.  The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.