Adams & Co. Real Estate brokered a 13 year, 13,005 s/f expansion and 34,671 s/f renewal for Select Office Suites at 1115 Broadway, for a total of 47,676 s/f.
James Buslik, principal, represented the landlord, Eleven Fifteen Associates, and the tenant in the transaction. Asking rents were $48 psf.
Select Office Suites plans to use this space for the subletting of licensed offices.
The company subleases office space to firms who do not want to invest in their own office infrastructure, such as smaller startups and bigger firms who only need a “swing” office space.
Said Buslik, “This building is located in the heart of the Flatiron District, which presents the perfect opportunity for the sublessees to prosper within their industries.”