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Lease Deals of the Week: Private Equity Firm GTCR Takes 56K SF
The top five leases in New York City from March 11 to March 14.
Photo: Getty Images
Topping the list of the five largest lease deals list week is a private equity firm, GTCR, which decided anything less than 55,600 square feet at L&L Holding Company’s 425 Park Avenue just wasn’t enough. Then, food delivery startup Orbital Kitchens determined that it needed a base in the borough of Queens and signed a lease at 42-45 12th Street.
Tenant
Sq. Feet
Address
Type
Landlord
Brokers
Asset
55,600
425 Park Avenue
Expansion
L&L Holding Company
Unknown
42-45 12th Street
New
Superior Management
Landlord: Igloo’s Adam Joly and Rachel Cohen
23,000
9 West 57th Street
Relocation
Soloviev Group
Tenant: Avison Young’s Roshan Shah
Landlord: CBRE’s Howard Fiddle, Gregg Rothkin, John Maher, Alex Leopold and Tara Rhodes
9,500
10 Grand Central
Relocation
Marx realty
Landlord:Â Cushman & Wakefield’s Lexie Perticone
Tenant: JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz
8,000
1325 Avenue of the Americas
Expansion
Paramount Group
Tenant: Cushman & Wakefield’s Justin Halpern, Ed Wartels and Ben Bouganim
Landlord: Douglas Neye at Paramount
3,500
424 East 147th Street
Relocation
United Capital Corp.
Landlord: JLR Realty’s Jesse Rubens
Tenant: Open Impact Real Estate’s Alexander Smith and Kendall Elliott
Lease Deals of the Week reflects leases closed or announced from March 11 to March 14. Information on leases can be sent to editorial@commercialobserver.com.
SEE ALSO: Fitness Factory to Open First NYC Location in Harlem
42-45 12th Street, 425 Park Avenue, Deals of the Week, GTCR, L&L Holding Company, Orbital Kitchens, GTCR, L&L Holding Company, Orbital Kitchens
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