Donald DiRenzo of Cushman & Wakefield Inc. represented UBS. The ownership, Monday Properties, was self represented by Brian Robin, chief operating officer. Additional lease information was not available; however, space in the site is advertised for $62 per sf.

The company currently occupies space at the building as a subtenant of J. Walter Thompson Co. Earlier this year, J. Walter Thompson, now known as JWT, the largest advertising agency in the US, renewed its deal for 270,280 sf of space. The company has had its headquarters space in the site since it opened 25 years ago. Other tenants include Revlon, Credit Suisse Asset Management and Warburg Pincus & Co. Monday Properties, then known as Max Capital Management, paid $455 million for 237 Park in October 2003.

In a large Lower Manhattan deal, display manufacturer Pucci II signed a 10-year, 45,750-sf lease renewal on the penthouse floor of 44 W. 18th St. The company occupies three floors including a penthouse showroom and has been a tenant since 1993.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.