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Deals & Dealmakers

Construction giant takes space at Cohen tower

In an expansion move, global project manager and construction services giant, Lend Lease US Construction, has leased most of the third floor comprising 12,000 s/f at Charles S. Cohen’s 3 East 54th Street.Brent Ozarowski

The firm, which is retaining its offices at 200 Park Avenue, expects to move into its new facilities at 3 East 54th Street, a 20-story, 200,000s/f building located at the southeast corner between Fifth and Madison Avenues, in December.

Brent Ozarowski and Staci Goodman of Newmark Grubb Knight Frank represented the tenant in the five-year leasing transaction, while Marc Horowitz, senior vice president/director of office leasing for Cohen Brothers Realty Corporation, represented the building’s ownership in-house. Asking rents were $50 per square foot.

Established in 1979, the Lend Lease New York office has long been regarded as one of the premiere providers of construction services in the New York metropolitan area.

Lend Lease US Construction also provides project management, construction and design services in Australia, Asia, the Americas, Europe and the Middle East.

According to Horowitz, only 25,000 s/f of space is still available for lease at 3 East 54th Street, whose current tenants include Nest Fragrances, the Switzer Group, Renaissance Jewelry, Shawmut Design and Construction, and HAP Investments LLC as well as restaurants Bice and Rothman’s Steakhouse.

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