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Hudson Yards Office Inks Three Leases

NEW YORK CITY-Deals totaling 14,000 square feet were signed at the six-story Far West Side office property

By Paul Bubny | Updated on December 17, 2008

NEW YORK CITY-CB Richard Ellis has completed a trio of leases totaling nearly 14,000 square feet at 500 W. 37th St., located at the corner of Tenth Avenue in the Hudson Yards district. A CBRE team including first VP Zachary Freeman, EVP Robert Flippin and senior associate Conor Denihan represented the landlord, 500 W. 37th St. LLC, in all three transactions. According to published reports, asking rents at the 100,000-square-foot, six-story property are in the mid $40s.

In the largest of the three leases, KVA Audio Visual Services, which provides audiovisual services to numerous clients under the name AV Workshop, signed a 12-year, 7,839-square-foot lease for space on the third floor. KVA is set to move into the space early next year, according to a release. The company is currently located at 527 W. 34th St., a building that has been slated for demolition as part of the Hudson Yards revitalization plan. A Cushman & Wakefield team of Michael Gambino and Michael Burgio represented KVA.

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