NEW YORK CITY—A television production company has signed a 10-year lease expansion and renewal at 875 Ave. of the Americas. Zero Point Zero Productions is leasing the entire third and fourth floors of the 250,000-square-foot tower, bringing its total occupancy to roughly 37,739 square feet on three-and-a-half floors.
The tenant—known for such programs as Anthony Bourdain: Parts Unknown and The Hunt with John Walsh—was represented by Lee & Associates NYC's Peter Braus, managing principal and executive managing directors/principals Dennis Someck and Mitchell Kunikoff. It was unclear at press time who represented the property's owner, Sierra Real Estate, which also manages the 26-story, circa 1920s office tower.
Other new tenants that have moved to 875 Ave. of the Americas within the past year include HJ Rashti and Compliance Science. Located on the northwest corner of West 31st Street, the building is 95% occupied with asking rents in the mid-to-high $50s per square foot.
“Since the completion of a multi-million dollar capital improvement program last year, our team has leased more than 100,000 square feet at the building,” says Braus. “The new tenant base has been upgraded significantly to include some TAMI businesses, and old-line family-owned firms like F. Schumacher & Co. This newest lease with Zero Point Zero reflects the successful re-positioning of the building and the continued confidence our tenants have in management and the quality of the building.”
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.
