Manhattan’s forward-thinking, full-service real estate firm, Adams & Co. (Adams), has announced four new companies have signed a total of 7,860 square feet of space at 110 West 40th Street.
The deals include:
· A two-year, 925-square-foot lease with Up Digital Art Studio, Inc, who will occupy part of the eleventh floor.
· A five-year, 925-square-foot lease with Pereg Ventures Fund, a venture capital firm investing in early-stage U.S. and Israeli startups, will occupy part of the nineteenth floor.
· A four-year, 3,005-square-foot lease with Luxury Asset Capital, a private, family-office owned lender that provides loans against luxury assets, will occupy part of the sixth floor.
· A nine-year, 3,005-square-foot lease with New York Youth Symphony, one of the most awarded youth programs for young musicians in the nation, will occupy part of the fifth floor.
“110 West 40th Street is an ideal building for tenants looking to move into modern, turn-key office suites with a prime location in the heart of New York City,” said David Levy of Adams & Co. “The building offers opportunity to companies looking for a collaborative work environment with onsite concierge, a lounge with conference rooms and a renovated lobby.”
Levy and Brett Maslin of Adams & Co. represented the landlord, One Ten West Fortieth Associates in each transaction. Jordan Donohue of CBRE, Inc represented New York Youth Symphony, Jacob Wolkenfeld of Norman Bobrow & Co, Inc represented Pereg Ventures and Jake Cunningham of Velocity Real Estate represented Up Digital Art Studio. Asking rent ranged from $68-$75 per square-foot.
Located on 40th Street between Sixth Avenue and Broadway, 110 West 40th Street is a 26-story building built in 1914. The building features modern, turn-key office suites, an onsite concierge, a lounge with conference rooms and a brand-new lobby updated in 2019. 110 West 40th Street is conveniently located near Bryant Park and many subway lines including 1, 2, 3, B, D, F, M, N, R, Q, W, Shuttle 7, Grand Central and Penn Station.
For more information about Adams & Co., visit the website at https://www.adamsre.com/.