Goldfarb and Lindenfeld of Lee NYC arrange 19,322 s/f lease to Blink Fitness at the Lara at 111 Nassau Street

Lee & Associates NYC LLC (Lee NYC) Henry Goldfarb, vice chairman, and Stanley Lindenfeld, executive managing director, have arranged leases for the final two commercial spaces at the Lara, a mixed-use rental building at 111 Nassau St., in the Financial District. The most recent lease is for Blink Fitness which took a 19,322 s/f space for 15 years featuring a 1,538 s/f entry at ground level and the entire second and third floors for the gym. Representing the tenant were Jeff Roseman, Marc Frankel and Ben Birnbaum of Newmark Grubb Knight Frank. Earlier this year, ILSC, a Canadian-based language school, signed a 10-year lease for 11,845 s/f on the fourth and fifth floors. Representing the school was John Pavone of DTZ. The first commercial lease at the building was for Da Claudio Ristorante e Salumeria, which took approximately 3,200 s/f of retail space on the ground level. For that transaction, Goldfarb and Lindenfeld represented both the landlord and tenant. "All three of these tenants bring value to the building and the neighborhood," said Goldfarb. "They reflect the reemergence of FiDi as a 24/7 district." Lindenfeld said, "In just over a year, we have leased more than 34,000 s/f of commercial space at the Lara, starting while it was still under construction. The building is beautifully-designed and well-located, and we are delighted to be active participants in its success." Completed in 2013, the Lara is a 30-story mixed-use property with 168 fully rented apartments, designed by SLCE Architects and owned and operated by Ann/Nassau. Asking rents for the commercial space were $125/per s/f at ground level and $40/per s/f for second through fifth floors.