Buslik and Levy of Adams & Co. rep tenant in 4,520 s/f lease; Leon and Cohen of Newmark Knight Frank rep landlord
March 21, 2011 - Brokerage
Adams & Co. Real Estate, LLC has brokered a 10-year, 4,520 s/f lease at 1040 Avenue of the Americas for California-based East West Bank.
East West Bank is a full-service commercial bank serving consumers and businesses throughout the U.S. and in Greater China.
Jeffrey Buslik and David Levy of Adams & Co. Real Estate, LLC represented the tenant while Matthew Leon and William Cohen of Newmark Knight Frank represented the landlord, Garden Homes Development.
"East West Bancorp was looking for space to accommodate their New York commercial banking offices, and the proximity of 1040 Avenue of the Americas to all transportation, Bryant Park and a range of other high-profile international companies, made it an ideal location for their offices," said Buslik.
Built in 1925 and acquired by Garden Homes Development in 2008, this 24-story, 212,000 s/f building features 24/7 access, renovated lobby, new elevators, enhanced onsite security, full concierge service, and high-end pre-build floors and suites throughout. Notable tenants include Ladas & Parry LLP, Update Legal, Archway, Dice, Hoffman Architects, Inc., Sharp Decisions and Valley National Bank.
Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.