News: Brokerage

Mines of Tarter Stats Realty brokers 8,612 s/f lease for CoverClicks

"The latest office tenants to sign leases at 112 West 34th St., a W&H property in the center of the Herald Sq. district, are CoverClicks, an interactive marketing company, and Hudson Valley Bank, the largest independently owned commercial bank headquartered in Westchester County," said, Barry Zeller, executive director of Cushman & Wakefield, the building's managing and leasing agent. CoverClicks will relocate from 260 West 36th St. to a portion of the 12th floor. Jonathan Mines of Tarter Stats Realty represented the tenant in the lease negotiations.Hudson Valley Bank, represented by Richard Leroy of Delphi Commercial, has leased a portion of the 19th floor for its newest office. The bank is also a tenant of The Lincoln Building, another W&H property, at 60 East 42nd St. "These deals are yet another positive result of our $80 million capital improvement program, which began in early 2007," said, Zeller, who represented the landlord together with the building's leasing director, Audrey Coe. "The launch of the program, combined with a change in management, has attracted many prestigious firms to the property." Founded in 2001, CoverClicks provides customer acquisition, branding and overall marketing services for such clients as BMG, Ford and Publishers Clearing House. Hudson Valley Bank, with $2 billion in assets and an expanding network of 22 branches throughout Westchester, Rockland, the Bronx, Manhattan and Queens, provides a full range of high-quality financial services for individuals, businesses, professional service firms and not-for-profit organizations. CoverClicks and Hudson Valley Bank will take occupancy in November and January, respectively. Located across from Macy's, 112 West 34th St. contains 26 stories and more than 800,000 s/f. It offers access to the Long Island Rail Rd., New Jersey Transit, Amtrak, the Port Authority Terminal, PATH and 15 subway lines. The property's $80-million top-to-bottom capital improvement program includes a new lobby, renovated elevators and bathrooms, air-conditioned public corridors, upgraded building systems and a modern, energy-efficient, and sleek new glass curtain wall with operable windows. Part of the W&H Properties portfolio, the building is owned by 112 West 34th Street Associates, L.L.C, a partnership led by Peter Malkin. CoverClicks took 8,612 s/f and Hudson Valley Bank leased 2,268 s/f.
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