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Brokerage
Posted: April 12, 2010
Sabesan and Gottlieb of CBC Hunter represent tenant in 10,985 s/f lease
Coldwell Banker Commercial Hunter Realty, a division of Coldwell Banker Commercial Hunter Phoenix, has secured a 10-year lease renewal for a 10,985 s/f office for Human Resource Management, Inc., d/b/a Capstone Partnership, at 100 Park Ave., between 39th and 40th Sts., according to Peter Sabesan, a principal of the full-service real estate firm. The CBC Hunter Realty brokers representing the tenant were Richard Gottlieb and Sabesan. Representing the landlord, were Steve Durels and Christopher Gulden of SL Green.
Located in the Grand Central office district, the circa 1950s glass and steel tower was designated LEED Silver in 2009 following a $70 million redevelopment program. Other tenants in the building include Aetna Life Insurance and Barton, Barton & Plotkin, LLC.
"100 Park Ave. is a trophy building and an excellent location for this particular tenant's profile and business model," said Sabesan. "We were able to negotiate a fair lease for our client with one of New York's finest landlords, to the benefit of both parties."
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