135 West 50th Street.
NEW YORK CITY- George Comfort & Sons, Inc., a commercial real estate investment firm, has completed a 15-year lease with Industrious at 135 West 50th St. in Midtown to premium workplace provider Industrious, which will also manage the Midtown tower's brand new amenity center that is under construction.
Industrious' lease is variable with George Comfort for the 37,000-square-foot shared workspace the firm will occupy. With this structure, Industrious' fixed-cost obligation is less than market value due to the revenue and profit-share component. In addition, the firm has signed a management agreement for the 20,000-square-foot amenity space.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
