News: Brokerage

Walter & Samuels signs GF55 Partners to 8,000 s/f at 225 West 39th St.

Manhattan, NY According to Walter & Samuels, Inc., architecture firm GF55 Partners has leased the entire 9th floor, comprising 8,000 s/f, at 225 West 39th St. between Seventh and Eighth Aves. GF55 Partners will be moving from 19 West 21st St. 

The owner, an investment group headed by David Berley, was represented in-house by Tony Builder and Mark Davis on the 10-year lease. Asking rents at the building $52 per s/f. 

The move comes as Walter & Samuels, Inc. has announced the planned upgrades for the building. 

“225 West 39th St. will be undergoing a major capital improvement program that will include replacing the elevator cabs, upgrading the lobby and delivering spaces to a higher quality standard. We are excited to continue to attract creative, high quality tenants to our portfolio,” said Walter & Samuels president Joseph Manasseri.

“Located close to Hudson Yards, the new GF55 office will be a light filled, full floor space and a critical next step in the expansion of our company,” said David Gross, AIA partner GF55 Architects. “Our new space will facilitate business opportunities and serve as a design think tank.”

The 12-story building is also home to Lighthouse Films, Diaz Architects and WeWork, which leased two floors late last year for HQ by WeWork.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account