News: Brokerage

Keidan of Cresa arranges 5,000 s/f lease for Timberlake Studios

Leslie Keidan

Manhattan, NY Cresa Global Inc. (Cresa) vice president Leslie Keidan has arranged a 10-year lease for a 5,000 s/f workspace at 545 Eighth Ave. for Timberlake Studios, a theatrical costume production company. Founded in 1959 by costume maker Betty Williams, her protégé Sarah Timberlake took over the operation in 1996 and renamed it Timberlake Studios.

Landlord Global Holdings Management Group was represented in-house by Alexander Radmin. Timberlake Studios will be moving to its new workplace on September 1, 2023. The asking rent was in the high $30s per s/f. 

Over the years, Timberlake Studios has created costumes for such Broadway and Off-Broadway productions as Wicked, Cinderella, and The Fantastics. It is additionally recognized for dressing performers at New York City Opera, The Philadelphia Ballet, and Alvin Ailey American Dance Theater, and has even created mannequins’ costumes for Bloomingdale’s holiday window displays.

“Timberlake Studios’ workspace became increasingly inadequate for its operations,” said Keidan. “The new space is not only the right size in a preferred location, but it has also been renovated and the building is working with the company to meet their needs.”

 Timberlake said, “Leslie brought the highest level of knowledge and professionalism to help guide us through this process. We really felt cared for and like somebody was looking out for our requirements. We are excited to be moving into this space to help us grow well into the future.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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,
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