News: Brokerage

Lee & Associates NYC arranges lease for interior architecture and design firm at 10 East 40th St.

Manhattan, NY Lee & Associates NYC completed a new office lease for Daniel Romualdez Architect P.C. at 10 East 40th St. in Midtown. The architecture and interior design firm signed an 11-year lease for 5,670 s/f on a portion of the 32nd floor of the building.

The landlord, an entity controlled by Joseph P. Day Realty Corp., was represented by Matt Livingston, Theodora Livadiotis and Caroline Collins of Cushman & Wakefield. The tenant was represented by Woody King and Todd Korren of Lee & Associates NYC.

The new space features 16-ft. ceilings and eastern, western and southern exposures with views stretching to the World Trade Center. The layout and architectural character aligned with the tenant’s search for a bright, high-floor creative environment reflective of its design-focused practice.

“Daniel Romualdez Architect was seeking a space that matched the caliber and sophistication of the firm’s work,” said Korren. “After an extensive search, 10 East 40th St. stood out for its exceptional ceiling heights, natural light and panoramic city views, all within a highly efficient floorplate in the heart of Midtown.”

“We continue to see strong demand from architecture, design and creative firms seeking unique office environments that inspire both employees and clients,” said King. “This space offered a combination of character, functionality and location that is increasingly difficult to find in today’s market.”

Daniel Romualdez Architect P.C. is internationally recognized for its refined residential, hospitality and commercial projects. The firm’s work spans homes, offices and retail spaces for prominent clients across the worlds of fashion, business and culture, and is known for blending traditional elegance with contemporary comfort.

The tenant is expected to move into the space in August 2026.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their