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Deals & Dealmakers

The Squash Center leases Thor space

Thor Equities has leased 13,400 s/f at 25 West 39th Street in Manhattan to The Squash Center.

The private, not-for-profit club signed a long-term deal for the entire fifth floor of the historic building owned by Thor Equities. The open space features expansive column spacing, and slab-to-slab ceiling heights of 20 feet.

Scheduled to open in early 2019, The Squash Center will offer amateur training and recreational play for adults, as well as host a variety of programs to introduce the game to children and young adults.

“We are pleased to welcome The Squash Center to 25 West 39th Street, a majestic building located just steps from Bryant Park in the Garment District, an area that is continuing to evolve into a vibrant 24/7 destination,” said Joseph Sitt, CEO of Thor Equities.

Opened in 1907 as the Engineering Societies’ Building, 25 West 39th Street was built with a $1.5 million gift from Andrew Carnegie. It featured a 1,000-seat auditorium and one of the largest engineering libraries in the world, with members including Thomas Edison and Nikola Tesla.

The Engineering Societies’ left in 1961, and the building was converted to office space. Tenants at 25 West 39th Street today include Spark Labs, Halston, Movado, Seven for all Mankind, VF Jeanswear, and Thor Equities.

Arthur Mirante, John Ryan and Patrick Steffens of Avison Young represented the landlord in the transaction together with Jonathan Scheinberg of Thor Equities. Ellen Herman and Allison Buck of JLL represented The Squash Center.

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