BEST DEALS ON NYC OFFICE SPACE
JANUARY, 2017

January 2017
_____________________________________________________
Subleases Galore
.......................................................................................................................................................

Newsletter of Wharton Property Advisors, Inc.
January 2017

Best Deals on Office Space in New York City
.......................................................................................................................................................
"The new year stands before us, like a chapter in a book, waiting to be written. We can help write that story by setting goals."

Melody Beattie
Self-help author
 

Is one of your goals to get new office space? Or would you like to reduce and streamline your lease costs? If so, we at Wharton Property Advisors can help with the next chapter in your company's real estate story.

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.


.......................................................................................................................................................
Plaza District Spaces
__________________________________________________
70 East 55th Street
______________________________

5,835 RSF        $59/SF

Sublease from MP Advisors.
11 offices, open area, boardroom, pantry, and reception area.
Ideal for law firm.
Lease term through December 2019.

.......................................................................................................................................................
450 Park Avenue
______________________________

2,771 RSF        $83/SF

Sublease from Brightstar Capital.
4 offices, open area, large conference room, IT closet/storage room, pantry and reception area.
Ideal for private equity or hedge fund.
Lease term through September 2018.
.......................................................................................................................................................
777 Third Avenue
______________________________

8,377 RSF        $67/SF

Sublease from Sheffield Haworth Inc.
4 offices, open area for 36 workstations, 3 large conference rooms, small meeting room, IT room, pantry, and reception area.
Ideal for trading or hedge fund.
Lease term through March 2021.
.....................................................................................................................................................
767 Third Avenue
______________________________

3,725 RSF        $59/SF

Sublease from Peruvian Trade Commission.
3 offices, open area, conference room, storage, pantry, and reception area.
Ideal for hedge fund, trading or private equity.
Lease term: negotiable.
.....................................................................................................................................................
712 Fifth Avenue
______________________________

3,318 RSF        $100/SF

Sublease from Unifund, Inc.
6 offices, open area, conference room, storage, pantry, and reception area.
Ideal for private equity or hedge fund.
Lease term through November 2022.
.....................................................................................................................................................
Penn Plaza/Times Square Spaces
__________________________________________________
555 Eighth Avenue
______________________________

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.

.......................................................................................................................................................
729 Seventh Avenue
______________________________

Private offices and cubicles available

Sublease from a prestigious foundation.
Will sublet all or part of available space.
1 windowed private offices and 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.
.......................................................................................................................................................
350 Fifth Avenue
The Empire State Building
______________________________

6,887 RSF                     $50/SF


Sublease from Legacy Benefits Corporation.
suite has 2 corner offices, 8 windowed offices, 2 interior offices, 18 cubicles, conference room, kitchen/server room, and reception area.
Ideal for law firm, accounting or marketing.
Lease term through April 2021.

.......................................................................................................................................................
55 West 46th Street
______________________________

2,868 RSF        $95/SF

Sublease from Fir Tree Partners.
3 offices, open area, conference room, pantry, and reception area.
Suitable for financial firm or private equity.
Lease term: 4 to 5 years.
.......................................................................................................................................................
1250 Broadway
______________________________

15,356 RSF        $50/SF

Sublease from Rare Editions.
4 offices, large open area, conference room, pantry, and reception area.
Collaborative environment suitable for creative and TAMI uses.
Lease term through October 2023.
.......................................................................................................................................................
5 Bryant Park
______________________________

14,532 RSF        $65/SF

Sublease from Movable Ink.
7 offices, large open area for ~120 workstations, 2 conference rooms, 2 telephone call rooms, open pantry/cafe, and reception area.
Perfect for tech firm or creative uses.
Lease term: 2 years.

.......................................................................................................................................................
108 West 39th Street
______________________________

1,825 RSF        $44/SF

Sublease from Northwest Evaluation Association.
2 offices, open area, 2 meeting rooms, pantry, and reception area.

Lease term through June 2018.

.......................................................................................................................................................
11 West 42nd Street
______________________________

8,295 RSF        $62/SF

Sublease from Michael Kors.
2 offices, open area with 43 workstations, 5 conference rooms. pantry, and reception area.
Perfect for marketing or other creative uses.
Lease term through March 2025.

.......................................................................................................................................................
19 West 44th Street
______________________________

4,878 RSF        $45/SF

Sublease from Covenant Review LLC.
8 offices, open area, conference room, pantry, and reception area.
Perfect for law firm or executive offices.
Lease term through August 2018.

.......................................................................................................................................................
2 West 45th Street
______________________________

4,000 RSF        $49/SF

Sublease from CHRLX.
1 office, open area, conference room, team room.
Perfect for any creative use.
Lease term through July 2020.

.......................................................................................................................................................
1185 Avenue of the Americas
______________________________

29,278 RSF        $59/SF

Sublease from King & Spalding.
32 windowed offices, 6 interior offices, 22 workstations, 2 conference rooms, 4 meeting rooms, pantry, and reception area.
Perfect law firm installation.
Lease term through October 2025.

.......................................................................................................................................................
Midtown South Spaces
__________________________________________________
531 West 25th Street
__________________________

2,000 or 3,500 RSF                        $56/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, access to conference room.
3,500 RSF space has an open area and access to a conference room.

Shared reception area with glass entry doors into separate spaces, shared pantry and restrooms.
Ideal for New Media, Creative, Advertising or Fashion use.
Lease term: 3 to 5 years.
.......................................................................................................................................................
22 West 19th Street
__________________________

7,844 RSF                        $59/SF


Sublease from Adaptly.
4 offices, large open area, conference room, pantry,
Ideal for TAMI tenants.
Lease term through March 2019.
.......................................................................................................................................................
450 West 15th Street
__________________________

20,526 RSF                        $110/SF


Sublease from Intercept Pharmaceuticals.
21 offices, 2 large open areas with over 50 workstations, 4 conference rooms, 3 privacy/phone rooms, 2 pantries, and reception area. 2 floors interconnected with staircase.
Suitable for sales organization, marketing or technology use.
Lease term through July 2024.
.......................................................................................................................................................
168 Fifth Avenue
__________________________

3,250 RSF                        $75/SF


Sublease from Arun Bhatia Development Organization.
Wide open creative space with large conference room.
Suitable for TAMI tenant.
Lease term through May 2018.
.......................................................................................................................................................
37-45 West 20th Street
__________________________

2,140 RSF                        $62/SF


Sublease from Media Loan Investment Fund.
2 offices, open area, conference room, and pantry.
Suitable for a creative tenant.
Lease term through February 2022.
.......................................................................................................................................................
Grand Central Area Spaces
__________________________________________________
6 East 45th Street
______________________________

4,674 RSF        $32/SF

Sublease from Adeptus.
6 offices, open area, conference room, kitchen, private restrooms, and reception area.
Ideal for accounting, law firm or any office use.
Term through December 2018.
.......................................................................................................................................................
60 East 42nd Street
______________________________

1,609 RSF        $49/SF

Sublease from Hatstand Capital Markets.
1 office, open area, and conference room.
Fully furnished and wired.
Ideal for trading firm or hedge fund.
Term through June 2018.

.......................................................................................................................................................
295 Madison Avenue
______________________________

3,401 RSF        $65/SF

Sublease from Unispace.
Open layout with seating for 16, conference room, and open pantry.
Ideal collaborative environment for tech, advertising or marketing.
Term through January 2019.
....................................................................................................................................................
  
230 Park Avenue
______________________________

22,050 RSF        $48/SF

Sublease from Novartis Corporation.
29 offices, support areas for 10 workstations, large boardroom, 4 conference rooms, IT room, file room, copy room, pantry, and reception area.
Ideal for law firm or insurance.
Term through December 2021.
....................................................................................................................................................
  
99 Park Avenue
______________________________

2,648 RSF        $72/SF

Sublease from Alliant Insurance Services.
5 Offices, open bullpen, conference room, IT room, storage room, pantry, and reception area.
Ideal for insurance, advertising or marketing.
Term through July 2021.
....................................................................................................................................................
  
Downtown / Financial District Spaces
__________________________________________________
200 Liberty Street
______________________________

40,082 RSF        $52/SF

Sublease from Cadwalader, Wickersham & Taft LLP.
51 offices, 27 workstations, 2 conference rooms, pantry, and reception area.
Turnkey law firm installation.
Term through January 2025.

.....................................................................................................................................................
250 Vesey Street
______________________________

44,025 RSF        $65/SF

Sublease from Jones Day.
46 offices, 92 workstations, 2 conference rooms, pantry, and reception area.
Perfect law firm installation.
Term: 5 years.


.......................................................................................................................................................
45 Broadway
______________________________

2,390 RSF        $55/SF

Sublease from Centrock Corporation.
5 offices, open area, conference room,pantry, and reception area.
Perfect space for private equity, hedge fund or law firm.
Term through December 2019.


.......................................................................................................................................................
90 John Street
______________________________

4,100 RSF        $45/SF

Sublease from Isram World of Travel.
3 offices, 2 open areas, 3 meeting rooms, pantry, and reception area.
Perfect space for marketing or insurance.
Term through December 2024.


.......................................................................................................................................................
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!

January 2017