News: Brokerage

Klein of Winoker brokers seven office leases totaling 21,055 s/f at 276 Fifth Avenue

Winoker Realty Company has negotiated seven individual office leases representing a combined 21,055 s/f the Chelsea district. Elliot Klein, senior VP at Winoker, exclusively represented the building's owner, 276 Managers LLC, on all of the signings. Klein also represented several of the tenants involved in these deals. "276 Fifth Ave. benefits from 21st century amenities and mechanicals," said Klein. "All of the elevators and bathrooms were recently restored, and the office suites were upgraded to tenant-specified improvements to give users all the modern advantages in a highly elegant setting. In addition to the property's excellent location, these were strong selling points for all of these tenants." The single largest lease was signed by Internet firm Hulu, which expanded from 2,110 s/f to 5,284 s/f of fifth-floor space. Robert Waller and Jason Frazier of CBRE represented Hulu on the five-year transaction. The second-largest lease, a 4,161 s/f office suite on the ninth floor, was signed by Winston Retail Solution, an executive search firm. Ilyssa Rothfeld of PBS Real Estate represented the tenant on this five-year leasing transaction. The balance of the leasing campaign consisted of the following deals: *Artist Ltd. signed a 3,092 s/f lease for five years on the sixth floor. The tenant, who works in the intellectual property industry, takes occupancy of the space in March 2010. Neil J. Lerner & Co. represented Artist Ltd. on the lease. * Lorsa, Inc. signed a 3,254 s/f lease for five years on the fourth floor. The tenant, a law firm, will take occupancy of the space in February. Klein represented the tenant and the landlord. * Ther-Ex Unlimited, a physical therapy provider, signed a 2,002 s/f lease for five years on the second floor. Prime Manhattan Realty represented the tenant. * Joseph Flischer, a hair restoration firm, signed a 1,793 s/f lease for five years on the third floor. * MinLeah Associates, a law firm, signed a 1,468 s/f lease for three years on the fourth floor. Klein represented the tenant and the landlord.
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