James Buslik and Alan Bonett of Adams & Co. represented both the landlord, Forty Four Eighteen Associates, and tenants in the transaction. Buslik tells GlobeSt.com that the total aggregate value of the transaction is $7.7 million. Asking rents were $40 per sf.
The source tells GlobeSt.com that the aggregate rental for the seventh floor is $2.4 million and the 10th floor is $5.3 million. The 12-story, 179,186-sf property is located in the Flatiron District and boasts Pucci II Inc., Acheson Doyle, Architects, Pace Editions and National Reprographics Inc.
"The Flatiron District is home to many creative design firms, so it is the perfect spot for the Jonas companies," Buslik notes. "The space has served these tenants well, and we were thrilled to broker this deal to keep them in the space."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
