Dear Friends:
Yossi Feigenson of ORBNY Real Estate Professionals writes the widely-read column "Real Estate and Other Things of Value" for THE NATIONAL NETWORKER NEWSLETTER . He was recently quoted in CRAIN'S NY BUSINESS. The actual article can be found at http://twitlik.com/ORBCrains. A reprint of the article's contents follows.
If you need expertise in New York real estate, you should get in touch with Yossi Feigenson at either yossif@orbny.com or at 646-827-3858. If you want to be ahead of the pack in building your power network, get your free subscription to THE NATIONAL NETWORKER NEWSLETTER and The BLUE TUESDAY report at http://twitlik.com/IN.
Faithfully,
Douglas Castle
Real Estate Deal can be found at:
http://www.crainsnewyork.com/apps/pbcs.dll/dcce?Site=CN&Date=20091201&Module=12&Kategori=rss98&Class=121&Type=red_active&ID=2330397&Selected=3
Penn Station area scores arty arriviste
By Amanda FungPublished: December 01, 2009 12:00 AM
Zero Point Zero Production Inc. is ditching SoHo for the Penn Station area.
The Emmy-winning television and film production company has signed a 10-year lease for 9,600 square feet at 875 Sixth Ave., at West 31st Street. The asking rent for the space was $33 per square foot.
“It’s a big space, and the landlord was accommodating with the build-out,” said Glenn Teyf of ORB Real Estate Professionals, who represented the tenant along with colleague Yossi Feigenson.
The company, whose clients include popular chef Anthony Bourdain and his Travel Channel show No Reservations, is slated to move into the full 19th-floor space in February. Zero Point Zero Production now occupies approximately 3,000 square feet at 100 Sixth Ave., near Watts Street.
“The tenant is a good, growing company, and it is a nice deal for the landlord,” said Peter Braus of Sierra Realty Corp., who represented landlord 875 LLC.
The 26-story building is now 95% occupied.
Details:
- Tenant Name: Zero Point Zero Production Inc.
- Street Address: 875 Sixth Ave.
- Square Feet: 9,600
- Asking Rent: $33 Per Sq Ft.
- Lease Length: 10 years
- Market: Midtown
- Submarket: Penn Plaza/Garment Distric
- Borough: Manhattan
- Brokerage Firm: Sierra Realty Corp.
- Author: Amanda Fung
- Landlord Broker: Peter Braus
- Tenant Broker: Glenn Teyf and Yossi Feignenson
- Tenant Broker Firm: ORB Real Estate Professionals
Entire contents © 2009
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