Search
 

Harry Fox Leaves Starrett-Lehigh For 40 Wall

NEW YORK CITY-In a complex series of events, Studley’s senior managing director Greg Taubin tells GlobeSt.com about the firm’s six-party off-market leasing transaction—and how the rights management organization achieved “significant” cost-savings Downtown.

By Jacqueline Hlavenka | Updated on January 12, 2012

NEW YORK CITY-In an effort to reduce its operating expenses, music licensing and rights management firm the Harry Fox Agency Inc. will move from its current space at RXR Realty’s Starrett-Lehigh Building to a 36,921-square-foot space at the Trump Building come second quarter 2012. However, this relocation wasn’t your typical lease transaction, according to Studley, who represented HFA on the deal.

In a multi-faceted series of events, the firm first signed an agreement to terminate its 47,144-square-foot, fifth-floor sublease from Tommy Hilfiger USA at Starrett-Lehigh. According to Studley, this culminated in a direct lease expansion between RXR and advertising firm McGarryBowen, an existing 130,000-square-foot tenant in the building that was seeking to expand.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.