The company will occupy approximately 50,000 sf, making it one of the largest tenants in the building, owned by Rockrose Development Corp. The Staubach Co. represented Kingdon in the deal.
Paul Revson, a principal with the Staubach Co.'s New York City office, who led negotiations for the tenant, says that the additional space "will allow Kingdon to expand its New York operations and offers room for future growth." He was assisted by Chris Kraus, principal, Ethan Rice, director, and Larry Lazerwitz, managing director of Staubach. Chip Sealy of Rockrose Development Corp. assisted by William Cohen and Matt Leon of Newmark represented the landlord.
Kraus tells Globest.com that the tenant has been at the property since 1992 and is currently expanding. Although he could not provide aggregate lease values or taking rent at this time, he explains that asking rent is between $95 to $165 per sf. He tells GlobeSt.com that the lease term is 10 years.
Other prominent tenants at the property include Stonetower Capital, Grubman, Indursky & Schindler, Rho Capital and Healthcor Management, Kraus says. The building was built in 1990 and totals 547,000 rentable sf.
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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.
