NEW YORK CITY—The last outstanding lease has been signed at 51 Astor Place, bringing the Edward J. Minskoff Equities Inc.'s 400,000-square-foot tower in Midtown South up to 100% occupancy.
The final transaction in the building was a 25,401-square-foot lease by IBM for the entire eight floor of the building, increasing the tenant's total occupancy to 143,836 square feet on five floors.
Edward J. Minskoff Equities was represented by JLL's Paul Glickman, vice chairman and Cynthia Wasserberger, managing director, along with Peter Riguardi, president of the New York tri-state region, Mitchell Konsker, vice chairman and Harley Dalton, associate. The team worked closely with Jeffrey Sussman, EVP, at Edward J. Minskoff Equities.
Other tenants in the building include IBM Watson Group, 1stdibs, Claren Road Asset Management, Tudor Investment Corp., Spark Capital, Mail Online, Maplelane Capital, and St. John's University in the building's education space.
“Edward J. Minskoff had a vision for an architecturally distinct, state-of-the-art building that would attract elite office tenants,” says Glickman. “The completion of this leasing effort and the quality of the tenants that have embraced the building validate Minskoff's vision for 51 Astor.”
Located at the intersection of Astor Place, Cooper Union and Third avenue, 51 Astor Place features advanced technology and infrastructure to provide tenants with environmentally efficient, above-standard electrical power and generator capacity. In addition, 51 Astor Place offers state-of-the-art telecommunications capabilities with built-in redundancy and cost-effective overtime HVAC.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
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.
