News: Brokerage

SL Green Realty inks 25,331 s/f lease with Electra USA at 10 East 53rd St.

Manhattan, NY SL Green Realty Corp. said that Electra USA, Inc., an electrical contractor in the New York market, has signed a new 10-year lease covering 25,331 s/f on the entire 4th and 31st floors at 10 East 53rd St.

“We are pleased to welcome Electra USA, Inc. to 10 East 53rd St.,” said Steven Durels, executive vice president and director of leasing and real property at SL Green. “The building is now 100% leased.”

Located between Fifth Ave. and Madison Ave., 10 East 53rd St. is located in the Plaza District and features views of Central Park and the city skyline. The 37-story building underwent a comprehensive redevelopment which included a new lobby integrated with a dramatic interior arcade, new elevator cabs and redesigned plazas. A high-end Equinox fitness club and efficient side-core floor plates make the building popular with tenants such as Swarovski, Tarsadia Capital, Investec USA Holdings, First State Investments, Capital Dynamics and International Swaps & Derivatives Association.

The tenant was represented by Joseph Cirone, Patrick Dugan and Zachary Price at CBRE.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.