Adams & Co. Real Estate, LLC, brokered a 15-year, 16,869 s/f lease at 619 West 54th Street for West Side GI, a new ambulatory surgery center.
Jeff Buslik of Adams & Co. Real Estate represented the tenant while Matt Astrachan, Alexis Tener and Ed DiTolla of Jones Lang LaSalle represented the landlord, KBS Realty Advisors, in the transaction.
Although details of the lease were undisclosed, asking rents were $39 per square foot.
West Side GI worked alongside its management partner, Frontier Healthcare, to arrange the deal. Frontier partners with groups of physicians to develop and manage ambulatory surgical centers.
“As West Side GI establishes their new practice, we’re confident the space will suit their needs perfectly,” Buslik said.
Built in 1929, 619 West 54th Street is a 10-story building with 24/7 access, parking and new windows. Notable tenants include CUNY, Time Warner Music, Chadbourne & Parke, L.L.P. and Advant Software.