Skyline Developers handles multiple leases totaling 113,69 s/f

New York, NY Skyline Developers (Skyline), the New York and New Jersey-based development firm owned by the Wilf family, has completed a series of leases at the centrally located 1040 Avenue of the Americas.

Throughout the pandemic, despite tenant uncertainty, Skyline has completed 13 transactions totaling 82,427 s/f. Notably, Skyline took the initiative to build three full 12,000 s/f floors, the 3^rd,12^th, and 20^th floor - on speculation with both upscale, pre-built office suites and custom built-to-suit spaces, creating 34,000 s/f of turnkey office space to meet the anticipated new needs of tenants in the market. All of the space was leased as it was designed and pre-built. Completed leased include:

• Accounting firm Bonadio & Co. LLP has leased more than 12,007 s/f for the entire 3^rd floor for an 11-year term. The Newmark team brokered the deal on both sides.
• Spivak Lipton LLP, a law firm specializing in protecting employees, unions and benefit funds, has taken the building’s entire 20^th floor, totalling 9,750 s/f, with a 10-year commitment. The tenant was represented by David Hoffman of Cushman and Wakefield.
• Law firm Meirowitz & Wasserberg, LLP leased a portion of the 12^th floor. The 5,448 s/f lease has a 10-year term.
• The American Committee for Shaare Zedek leased the full 23^rd floor, totaling 6,901 s/f, also for a 10-year term. Gabe Marans at Savills represented the tenant.
• Accounting firm Sax and Company LLP, leased the entire 16^th floor, 12,007 s/f. Represented by Jason Schwartzenberg of Savills and Seth Hect of JLL.
• Software development company Brightidea, Inc. leased 4,382 s/f across a portion of the 18^th floor for a five-year term.
• Orion Global Solutions, LLC, a technology management firm, leased 2,807 s/f. Newmark brokered the deal on both sides.
• Financial services firm Augustin Partners, LLC leased 5,065 s/f across a portion of the 7^th floor for a 7-year term. Ben Bloomenthal of Noah and Company represented the tenant.

Additionally, Skyline, together with Newmark, worked with existing tenants to restructure and extend several leases, totaling 36,074 s/f.

• Legal services firm Update, Inc leased 19,238 s/f;
• FJA US leased 12,007 s/f;
• Exec-Comm, a leadership training firm, leased 4,520 s/f;
• Media company Outdoor Sportsman Group leased 7,540 s/f;
• Consulting firm Sharp Decisions leased 3,789 s/f; and
• AWH Brookhollow extended its lease, taking 8,218 s/f.

“We worked closely with our existing and potential tenants to understand their space needs, concerns and develop unique solutions that support the flexibility necessary for these companies to be successful,” said Orin Wilf, founder and president of Skyline Developers. “Skyline has always been a long-term investor in its assets and we are even more bullish on that strategy moving forward, particularly with the robust activity we’re seeing across our Midtown portfolio.”

“Each lease is the result of extraordinary collaboration between the Skyline team and the brokerage community,” said William Cohen, vice chairman of Newmark. “All of these leases were initiated and completed during the peak of the pandemic, which created challenges that no one could have anticipated.”