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Deals & Dealmakers

Tech firm VTS takes 15,769 space at 114 West 41st

Equity Office announced the lease of 15,769 s/f by  VTS, at 114 West 41st  Street in Midtown.

A leasing and asset management platform, VTS will occupy the entire 11th floor at the 22-story commercial tower.

The prebuilt space features high ceilings, exposed brick and collaborative open pantries. It was outfitted last year as part of Equity Office’s building-wide renovation plan.

“Our repositioning of this building is resonating strongly with growing companies like VTS who value not only cutting-edge office space and tenant amenities, but also close proximity to everything from hip restaurants to specialty fitness and year-round offerings in Bryant Park,” said Zachary Freeman, vice president of leasing for Equity Office.

“This creative and energetic neighborhood continues to evolve, further evidenced by our recent lease signing of taqueria Dos Toros in the building’s retail space.”

Scott Klau, Erik Harris and Ben Shapiro and Zach Weil of Newmark Grubb Knight Frank represented the ownership in the lease. Freeman and Scott Silverstein represented Equity Office in-house. Jim Wenk and Patrick Heeg of Jones Lange LaSalle represented VTS. Asking rents within this area of the building average in the mid-$70s psf range.

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