News: Brokerage

Studley brokers two lease renewals totaling 109,576 s/f in Manhattan

Studley has completed two leases totaling 109,576 s/f. The deals include the following: * Genzyme has chosen to renew its area headquarters lease at 521-33 West 57th St., a property owned by an affiliate of Himmel + Meringoff Properties, LLC. The company has renewed its 98,000 s/f on the fifth and sixth floors for 10 years. Studley's David Dusek, senior managing director; Peter Capuciati, executive VP; and Alex Blue, managing director, represented Genzyme in the renewal. Mark Stein, senior VP and director of leasing and Farrell Virga, president of Meringoff Properties Inc., acted in-house for the lease negotiations on behalf of the landlord. The attorneys were: LeeAnn Baker Esq., Edwards Angel Palmer & Dodge for the tenant, and Robert Sorin, Esq. from Fried Frank for the landlord. * Mentor Partners, which has been based at 500 Park since 1994, has renewed its 11,576 s/f lease on the sixth floor of the 11-story office building. Studley's senior managing directors Craig Lemle and Greg Taubin represented Mentor. David Kleiner and Frank Doyle of Jones Lang LaSalle represented landlord Morgan Stanley. Studley is the only global tenant advisory firm with a pure tenant representative delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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