The building, which is populated by several retail tenants, such as Scoop clothing store, which leases 12,700 sf, Puma, and a mix of office tenants, such as media companies for example, is in an increasingly hot Manhattan neighborhood, according to Grubb & Ellis. The largest leased office space is Bab 14th, which occupies a total of 12,250 sf.
John McGinley, VP and director of management services with Grubb & Ellis, tells GlobeSt.com that this was a good win for the company and for its fairly new management team. "We have a good opportunity with BlackRock in New York City," he says. "This deal will help change our position in the city to become a more recognizable brand."
When asked details on the deal, McGinley explains that it is a quiet deal, however he says that the deal has been around for a while. "It originated out of an investor round table last fall," he says. "They were sorting out a management solution as ownership changed. We continued the dialogue during the closing process and when it was time to select an agent, they turned to us."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
