Lee & Associates NYC arranges five leases totaling 24,000 s/f at 240 West 35th St.

Manhattan, NY Lee & Associates NYC arranged five lease transactions totaling more than 24,000 s/f at 240 West 35^th St., a boutique mixed-use building located in Midtown South.

The transactions include a mix of office and retail transactions spanning multiple floors of the building.

Lee & Associates NYC’s Woody King and Todd Korren represented ownership in all transactions.

Recent leasing activity at the property includes:

• Tip Top Capital, a private investment and financial services firm, signed a 4,924 s/f new lease on a portion of the fifth floor for a seven-year term. The tenant was represented by Woody King of Lee & Associates NYC.

• Patrick French, Inc., a textile and apparel company, leased 2,325 s/f on a portion of the fifth floor for a new four-year term. The tenant was represented by King of Lee & Assocs.

• Wall Street Alliance Group, a real estate investment and advisory firm, took 4,634 s/f on a portion of the third floor in a new six-year lease. The tenant was represented by Alan Rosinsky of Metro Manhattan Office Space.

• Jack Doyle’s, an Irish pub and restaurant brand, signed a 6,295 s/f retail lease extension across the ground floor and mezzanine in a 15-year term. The tenant was represented by Korren of Lee & Assocs.

• Café Nuñez, a fast-casual Latin café concept, extended its 6,180 s/f lease cross the ground floor and mezzanine for a 10-year term. The tenant was represented by Korren of Lee & Assocs.

Although the terms of the leases were not disclosed, asking rents for the office spaces at the building were in the high-$30s to low-$40s per s/f, while asking retail rents were approximately $125 per s/f.

“These transactions underscore the strength of well-positioned, high quality boutique buildings in Midtown South, particularly those combining efficient office layouts with strong retail frontage,” said Korren.

“We’re seeing steady demand from tenants drawn to the building’s proximity to Penn Station, flexible floor plates and the area’s growing amenity base. On the retail side, the location benefits from strong foot traffic and a built-in customer base of office workers, tourists and visitors to Madison Square Garden” said King.

240 West 35^th St. is near Penn Station, Hudson Yards and Herald Square, offering tenants access to major transportation hubs and an array of dining, retail and lifestyle amenities.