AUGUST, 2016 OFFICE SPACE LISTINGS

August 2016

August 2016
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Subleases Galore
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Newsletter of Wharton Property Advisors, Inc.
August 2016

Best Deals on Office Space in New York City
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"Let every man practice the art he knows best"
Cicero
Roman Statesman, 106 BCE to 45 BCE

In our 25 years in business we have represented scores of clients who first tried to handle their office leasing needs on their own without the assistance of a knowledgeable professional. However, these ill-advised attempts to save money can prove to be very costly as there are many traps for the uninitiated. You need an expert without conflicted loyalties on your side to get the best deal. We at Wharton Properties are experienced practitioners in the art of negotiating beneficial office leases in the New York City market.

Always monitoring the market, we scour the available opportunities for bargain properties. If you need assistance dealing with thorny office leasing issues Wharton Property Advisors can help.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can help. We search NYC for the most advantageous office space situations and then help our clients negotiate favorable terms. Or, if you like your current space we can help renegotiate your lease. We always represent our clients with honesty, diligence and integrity.

Below is a sampling of the best deals now available.
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Plaza District Spaces
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150 East 52nd Street
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8,303 RSF $61/SF

Sublease from Pareto Securities.
2 offices, open area, board room, 3 conference rooms, pantry, and reception area.
Ideal for trading or hedge fund.
Lease term through February 2019.
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1270 Avenue of the Americas
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6,722 RSF $35/SF

Sublease from Johnson Publishing.
8 offices, open area, conference room, pantry, and reception area.
Ideal for law firm, accounting or hedge fund.
Lease term through September 2018.
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712 Fifth Avenue
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4,300 RSF $160/SF

Sublease from Whitcom Partners.
2 Executive offices, 4 large offices, open area with 4 workstations, conference room, pantry, and reception area.
Ideal for boutique financial firm.
Lease term through December 2024.

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595 Madison Avenue
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6,153 RSF $83/SF

Sublease from Auctionata.
Office/conference room, two storage rooms, open office/gallery space, pantry, and reception area.
Ideal for gallery or creative work environment.
Lease term through January 2023.

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375 Park Avenue
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2,437 RSF $170/SF

Sublease from Yakima Oil
3 offices, open area, conference room, pantry, and reception area.
Ideal for boutique investment firm or hedge fund.
Lease term through December 2017.
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Penn Plaza/Times Square Spaces
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555 Eighth Avenue
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1,350 RSF $45/SF

Sublease from Hebrew Public.
Separate identity/entrance available. 2 windowed private offices, 2 interior private offices. Shared access to open kitchen area, reception area and conference room.
Turnkey, furniture available.
Perfect for non-profit or other office use.
Lease term: 1 to 3 years.

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729 Seventh Avenue
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Private offices and cubicles available

Sublease from a prestigious foundation.
Will sublet all or part of available space.
4 windowed private offices, 2 interior private offices, 7 workstations.
Shared access to 20 seat conference room, 10 seat conference room, 6 seat conference room, kitchen and reception/services area.
Unique opportunity for a nonprofit, foundation, law firm or any office tenant.
Lease term: 1 to 7 years.
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350 Fifth Avenue
The Empire State Building
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1,672 RSF $53/SF

5,215 RSF $50/SF
6,887 RSF available

Sublease from Legacy Benefits Corporation.
Contiguous suites of 1,672 RSF
and 5,215 RSF can be combined for a total of 6,887 RSF.
Large suite has 2 corner offices, 7 windowed offices, 2 interior offices, 9 cubicles, conference room, kitchen/server room, and reception area.
Small suite has 1 office/conference room and two open areas with 9 workstations.
Both suites have great views.
Ideal for law firm, accounting or marketing.
Lease term through April 2021.

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135 West 50th Street
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29,152 RSF low-$50's/SF

Sublease from Agency for Performing Arts.
4 executive offices, 24 private windowed offices, bullpen space for 120+ workstations, 5 windowed conference room, 23 interior conference rooms, and reception area.
Suitable for any office use.
Lease term through December 2019.

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1140 Avenue of the Americas
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12,750 RSF $88/SF

Sublease from Trilogy Global Advisors.
12 windowed offices, 6 interior offices, open area with 18 cubicles, 6 trading desks, conference room, pantry/lunch room, and reception area.
Perfect for hedge fund or trading.
Lease term through November 2024.

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132 West 31st Street
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6,523 RSF $62/SF

Sublease from Salon Media Group, Inc.
1 windowed corner office, 2 interior offices, large open area, conference room, meeting room, pantry, and reception area.
Suitable for TAMI tenants.
Lease term through September 2019.
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35 West 35th Street
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2,100 RSF $43/SF

Sublease from CC Hosiery.
3 offices, open space and rest room.
Suitable as showroom, or for any creative use.
Lease term through January 2021.
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254 West 54th Street
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5,257 RSF $48/SF

Sublease from RAVSAK.
8 windowed offices, large open space, 2 conference rooms.
Perfect for accounting, law firm or creative company.
Lease term through March 2024.
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Midtown South Spaces
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531 West 25th Street
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2,000 RSF
4,500 RSF $58/SF


Sublease from MediaBend Capital Inc.
Beautiful turnkey sublet space in prime Chelsea District, next to the High Line.
2,000 RSF space is completely open.
4,500 RSF space consists of 1 office, open area, 2 conference rooms, and a break room.
Shared reception area with glass entry doors into separate spaces, shared pantry and restrooms. Spaces are furnished.
Ideal for New Media, Creative, Advertising or Fashion use.
Lease term: 3 to 5 years.
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450 West 14th Street
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Entire 6th Floor 7,800 RSF $115/SF
Entire 7th Floor 7,800 RSF $95/SF
Entire 8th Floor 7,800 RSF $95/SF


Sublease from Fast Retailing Co., LTD.
3 full floors can be leased separately or together.
6th Floor: 2 offices, multiple open work areas, pantry, 2 terraces.
7th Floor: 6 offices, open area, conference room, pantry
8th Floor: 1 office, open area, 3 conference rooms, pantry.
Ideal for advertising, marketing or fashion use.
Lease term through March 2026.
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242 West 30th Street
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2,900 RSF $48/SF

Sublease from Paintzen.
3 offices, large open area, 2 conference rooms, pantry, and reception area.
Ideal for TAMI tenant.
Lease term through December 2020.
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450-460 Park Avenue South
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8,000 RSF $57/SF

Sublease from [212] Media.
3 windowed offices, 3 interior offices, large work area, 2 conference rooms, meeting roo, large pantry, and reception area.
Ideal creative space for any TAMI tenant.
Term through August 2019.

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Grand Central Area Spaces
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99 Park Avenue
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5,577 RSF $65/SF

Sublease from Customers Bank.
8 offices, open area, conference room, pantry, and reception area.
Ideal for private equity or hedge fund.
Term through August 2020.

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122 East 42nd Street
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1,550 RSF $54/SF

Sublease from IDM Capital USA LLC.
1 executive office, 2 small offices, large open area.
Ideal space for hedge fund or investment firm.
Term through June 2019.

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99 Park Avenue
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2,648 RSF $72/SF

Sublease from Alliant.
1 executive office, 4 offices, open area, conference room, pantry, and reception area.
Ideal space for law firm or private equity.
Term through July 2021.


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Downtown / Financial District Spaces
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1 Battery Park Plaza
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25,900 RSF $48/SF

Sublease from Hughs Hubbard & Reed, LLLP.
37 windowed offices, 12 interior offices, open space with 8 cubicles and 24 workstations, 3 conference rooms, pantry, and reception area.
Ideal for law firm.
Lease term: 3 to 7 years.

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111 John Street
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2,800 RSF $45/SF

Sublease from Chaves & Perlowitz LLC.
2 offices, open area, 2 conference rooms.
Ideal for Law firm.
Lease term: 1 to 3 years.
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44 Wall Street
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2,568 RSF $48/SF

Sublease from EnableIT.
2 offices, open area, conference room, pantry, and reception area.
Ideal for TAMI
tenant.
Lease term through March 2019.
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80 Broad Street
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8,250 RSF $45/SF

Sublease from MOBOTIX.
3 offices, open area, conference room, training room, pantry, and reception area.
Ideal for tech or creative firm.
Lease term through October 2020.
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Contact Ruth Colp-Haber at
212.759.0408
ruth@whartonproperties.net
for more details about these spaces and other opportunities.

www.whartonproperties.net
Wharton Property Advisors, Inc. helps NYC office tenants find and dispose of office space. We provide the full range of commercial real estate services. Finding and negotiating great deals is our specialty. Moreover, we represent our clients with intelligence, honesty and diligence!

August 2016