Sinon of Newmark Knight Frank arranges three leases - 10,000 s/f
June 16, 2008 - Brokerage
Three financial service firms have signed leases totaling in excess of 10,000 s/f at W&H Properties' 60 East 42nd St., according to John Sinon, director of Newmark Knight Frank, the property's managing and leasing agent. They include:
* JF Capital Advisors, a firm that specializes in hospitality transactions involving the capital markets, and has ownership interests in 21 hotels and three development projects. Glenn Issacson of CB Richard Ellis represented the firm in the lease negotiations.
* Penn Mutual Life Insurance Company, a mutual life insurance firm.
* Hotel Capital Advisors, Inc., a hotel investment advisory and asset manageÂment firm, has renewed its 9th floor premises.
Sinon represented the landlord in all three transactions, along with Brian Waterman of Newmark Knight Frank. There was no tenant representative for the two renewals.
"These leases closely follow others signed by new tenants MetLife and Tokio Marine Asset Management at 60 East 42nd St.," said Sinon. "It's clear that financial service firms are attracted by the convenient location, professional environment and top-tier amenities offered by this trophy property."