Real Estate Weekly
Image default
Deals & Dealmakers

Adams & Co. Completes Four Deals Totaling 22,438 Square Feet at 23rd Street Complex

Manhattan’s forward-thinking, full-service real estate firm, Adams & Co. (Adams), has announced that four new companies have signed a total of 22,438 square feet of space at the firm’s 23rd Street Complex which is comprised of three attached buildings including 30-2 West 24th Street, 49 West 23rd Street and 53 West 23rd Street.  

The deals include:

·       A five-year, 5,594-square-foot lease with Conviva, a census, continuous measurement and engagement platform for streaming media, will occupy the entire eighth floor of 49 West 23rd Street. Asking rent was $62 per square-foot.

·       A ten-year, 5,594-square-foot lease with Luvente, a modern brand that specializes in fine jewelry that ranges from innovative and trend-driven to timeless and traditional, will occupy the entire seventh floor of 49 West 23rd Street. Asking rent was approximately $62 per square-foot.

·       A three-year, 5,625-square-foot lease with Room 40 Capital, a cryptocurrency fund, will occupy the entire tenth floor of 30-2 West 24th Street. Asking rent was approximately $55 per square-foot.

·       A three-year, 5,625-square-foot lease with Kimball International Brands, a leading omnichannel commercial furnishing company with expertise in office, health and hospitality markets, will occupy the entire third floor of 30-2 West 24th Street. Asking rent was approximately $55 per square-foot.

“Our 23rd Street Complex, which consists of three (3) separate buildings, provides an ideal option for any company looking to rent an office in a modernized pre-war loft building in the heart of midtown south” says James Buslik, Principal of Adams & Co. “We have been seeing increased demand in this part of the city, as the parks, open space and transportation make it an ideal working environment.”

James Buslik, Jeff Buslik, Alan Bonett and Brad Cohn represented the landlord, Twenty-Three R.P. Associates in the lease at both 49 West 23rd Street and 30 West 24th Street.

Jason Roberts of Jones Land Lasalle represented Conviva in the transaction. William Landsberg of Kaufman Leasing Company represented Luvente in the transaction. Jared Horowitz and Justin Pollner of Newmark represented Room 40 Capital in the transaction. Jeff Buslik of Adams & Co. represented Kimball International Brands in the transaction.

Located on 23rd and 24th Street between 5th and 6th Avenues, Adams & Co’s 23rd Street Complex consists of three attached buildings. 49 West 23rd Street is a 12-story building built in 1916. It features brand new prebuilt spaces, a lobby renovated in 2019 and 24/7 guard service. 30-2 West 24th Street is a 12-story building built in 1910. It features brand new prebuilt spaces and 24/7 guard service. 53 West 23rd Street is a 12-floor building built in 1915. It features brand new prebuilt spaces, a lobby renovated in 2018 and 24/7 guard service. The 23rd Street Complex is conveniently placed near multiple subway lines including the 1, 2, F, N, R, and PATH.

For more information about Adams and 23rd Street Complex, visit the website at https://www.adamsre.com/

(Visited 1 times, 1 visits today)

Related posts

Fisher, Olnick tap JLL to manage 700K office property

REW

CBRE’s Mid-Atlantic Net Lease Property Group Sells 35 Properties Totaling Nearly $100 Million

REW

Progress Capital Arranges $54.5 Million Construction Financing for Newark School of Architect
& Interior Design

REW