ATCO Properties & Management announced today that four of its current office tenants – Cornerstone Office Services, Telsey Holdings, N-Tier Financial Services and SBR Wovens – signed lease renewals totaling 24,102 square feet.
“Given the options currently available on the market, we are delighted that Cornerstone Office Services, Telsey Holdings, N-Tier Financial Services and SBR Wovens will continue their tenancy with ATCO,” said Kate Hemmerdinger Goodman, co-president of ATCO Properties & Management. “These four renewals are emblematic of the strong relationships we form with our tenants and demonstrate their appreciation for our high-quality assets and hands-on approach to management.”
At 555 Fifth Avenue, a 20-story, 257,000-square-foot premier office building in Midtown, Cornerstone Office Services, Inc. will remain on the entire 14th floor in 12,281 square feet of space. The firm provides professional and congenial office space in which small to mid-sized companies can maintain a New York City base of operations from which to grow their businesses.
In the same building, Telsey Holdings LLC renewed for 6,879 square feet on the 7th floor. Telsey Holdings is a leading woman-owned research, trading, banking, and consulting brokerage firm focused on the consumer sector.
Centrally located at the southeast corner of East 46th Street, 555 Fifth Avenue offers a tremendous mix of prime commercial space just blocks from Grand Central Terminal. The building is a short walk to premier destinations including Bryant Park, the New York Public Library, Rockefeller Center and the heart of the Fifth Avenue shopping corridor. Built in 1955 the building boasts green terraces, LEED certification, low loss factors, upgraded elevators and an artificially intelligent HVAC system.
The building hosts a list of prominent office tenants, including Howard Sloan Search, Nicoletti Gonson Spinner LLP, Harris Corporation, CW Financial Services, Global Excess Partners and Floyd Advisory. Retail tenants at the property include Barnes & Noble, L’Occitane En Provence, and JoJu Vietnamese Sandwich.
For these two leases, Hemmerdinger Goodman represented building ownership in-house. No tenant brokers were involved in the transactions and asking rents were $65 per square foot.
At 381 Park Avenue South, a 17-floor 228,000-square-foot building across from Madison Square Park, N-Tier Financial Services, LLC renewed its lease for 2,534 square feet on the 7th floor. The software developer provides clients with custom solutions to transform how they manage both their data and content. The brokers for the Landlord were Robert Tunis, Kyle Berlinsky and Joseph Mangiacotti of Colliers and N-Tier was represented by Jared Newman of CBRE. The asking rent was $62 per square foot.
Also at 381 Park Avenue South, textile firm SBR Wovens LLC has renewed its lease for 2,408 square feet on the 13th floor and 100 square feet in the basement. Hemmerdinger Goodman represented building ownership in-house, no tenant broker was involved in the transaction and the asking rent was $62 per square foot.
381 Park Avenue South was built in the early 1900’s and offers sunny exposures and flexible floorplates. The property conveniently sits just steps from several subway lines, including the N, Q, R and 6 trains.
Other tenants at the building include FGS Design LLC, Two Sticks Inc., Valerio Architects, Inc., EVOS, ListenFirst Media, Stephen B. Jacobs Group, Maria B. Campbell, Inc., Industrial Development Funding, Goldstein, Rikon, Rikon & Houghton, P.C., Fuze Inc., RW3 CultureWizard and Superfly Productions. Famed bakery and restaurant Sarabeth’s Kitchen is located at the base of 381 Park Avenue South.
