Cushman & Wakefield announced today that the real estate services firm has arranged a new 31-year lease for Manhattan Theater Club, Inc. at 311 West 43rd Street for their continued occupancy of the entire eighth and ninth floors of the building, totaling 24,814 s/f, which they have used as their administrative offices and rehearsal studios since 1997.
A Cushman & Wakefield team of Ron Lo Russo, Ethan Silverstein, Dan Organ and Anthony Cugini represented the landlord, DivcoWest. CBRE’s Mary Ann Tighe, Christopher Mansfield, Evan Fiddle and Ariel Ball represented the tenant.
“Manhattan Theater Club’s long-term commitment to the building is yet another example of the resiliency of New York City,” said Ethan Silverstein. “It is also a testament to DivcoWest’s positioning of the property, offering tenants an exciting and safe work experience.”
311 West 43rd Street, also known as the Press Building, is a 15-story, 186,083-square-foot office property. The building boasts great natural light with oversized windows, exposed brick and 13-foot slab to slab ceiling heights throughout.
The property is located just north of Penn Station and Port Authority. The building is in proximity to an abundance of retail and restaurant amenities and is within a five minute walk to Hudson Yards with access to numerous subway lines.
Founded in 1972, Manhattan Theatre Club is an award-winning not-for-profit producer of on and off-Broadway theatrical productions.