NEW YORK CITY—Workday has tripled its New York headquarters at One Grand Central Place. The application provider has agreed to relocate from approximately 7,000 square feet to a 21,401-square-foot space at the Midtown East tower, which is part of the Empire State Realty Trust. Robert Lowe and David Berke of Cushman & Wakefield represented the tenant while the landlord was represented in-house by Ryan Kass and Fred Posniak, along with Newmark Grubb Knight Frank's William Cohen, Jonathan Tootell and Shanae Ursini.
Furniture company Herman Miller will relocate its New York showroom to 251 Park Avenue So., taking 4,061 square feet of ground floor space, and nearly 23,000 square feet across the second, third and fourth floors of the Feil Organization building. The company joins its subsidiary, Maharam Fabric Corp., already headquartered in 23,000 square feet on the building's top three floors. Brokerage information was not available at press time.
Occupancy at the newly repositioned Lipstick Building has been nearly sealed with a kiss. The StepStone Group has signed a 10-year lease for 19,270 square feet at the iconic building, bringing occupancy to more than 97%. Representing the landlord for the transaction were Newmark Grubb Knight Frank's Erik Harris, senior managing director; and EVPs Scott Klau and Mark Weiss. Representing the tenant were CBRE's Silvio Petriello, EVP, and Nick Weld, senior associate.
Real estate firm Thor Equities has leased two full floors of office space—totaling 12,728 square feet—at 597 Fifth Ave. Bateleur Capital, a specialist fund management company, has secured the entire 6,364-square-foot ninth floor of the building, which is known to many as the Charles Scribner's Sons Building. Meanwhile, GCT Constructors, which was recently awarded an MTA contract to build the future Long Island Rail Road Concourse at Grand Central Terminal, has leased the entire fourth floor for another 6,364 square feet. Christel Engel of Colliers International represented the landlord in both transactions.
Eastern Consolidated arranged the sale of two retail assets in Manhattan and Brooklyn, totaling $7.3 million. In the first transaction, Walter & Samuels acquired a 3,541-square-foot, ultra-high-end retail condominium in the Flatiron District, occupied by champagne bar Flute Bar & Lounge, from Diamond Properties for $4.7 million. Eastern principal and senior managing director Adelaide Polsinelli represented the buyer in the transaction. Diamond Properties was represented by Eastern Consolidated chairman and CEO Peter Hauspurg, principal and executive managing director David Schechtman, director Abie Kassin, and director Evan Papanastasiou. In the second transaction, a national buyer acquired a 5,200-square-foot, corner, mixed-use building at 3914-3924 13th Ave. and 1267 40th St. in Borough Park, Brooklyn from a local family who has owned the property for more than 27 years, for $2.6 million. Polsinelli represented seller in the transaction. Ronda Rogovin, principal and senior director at Eastern Consolidated, represented the buyer.
Chef Jared Sippel has signed a 15-year, 3,417-square-foot lease for his first New York City restaurant, Italienne, at 19 W. 24th St. in the Kaufman Organization's Madison Square Portfolio. The asking rent for the prime retail space was in the $130s per square foot range. Kaufman's Grant Greenspan, principal; Michael Heaner, partner; and Jessica Kosaric, associate; represented the landlord, 19 W 24 Leasehold LLC. Joe Previte, associate manager of real estate at BCD, represented Italienne.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
