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Deals & Dealmakers

Workspace provider TKO Office Suites takes two floors at 211 East 43rd Street

Avison Young announced the closing of multiple separate new office leases at the 211 East 43rd Street building in Manhattan, representing over 42,000 in aggregate s/f at the property.

211 East 43rd Street is owned by a joint venture partnership comprised of Clarion Partners, LLC on behalf of a separate account managed by the firm, and Alchemy-ABR Investment Partners.

The new leases at the historic 24-story, 211,000 s/f office building, located in Midtown East, has reduced the property’s vacancy by 20 percent.

The building has attracted myriad tenant types, including TAMI (technology, advertising, media and information systems), financial services and health services.

The Avison Young team was hired by the building’s new ownership, a partnership between Alchemy-ABR Investment Partners and Clarion Partners, in September 2015.

The team comprises A. Mitti Liebersohn, President and Managing Director of the firm’s New York City office, Principal John Ryan III, Senior Director Anthony LoPresti and Senior Associate Henry Fuentes.

The new leases include the following:

A 21,197 RSF, 15-year lease for TKO Office Suites. The company will be occupying the entire sixth and seventh floors of the 211 East 43rd Street building, which will become their third Manhattan location. The tenant was represented by Elie Reiss of Skylight Leasing.

A 3,965 RSF, 15-year lease for Eastside Medical Group. The healthcare group will be occupying part of the building’s 15th floor and will be relocating from 150 East 58th Street. The tenant was represented by Michael Nazarian of Norman Bobrow & Company.

A 3,796 RSF, seven-year lease for Manhattan Cryobank. The company will be occupying part of the 17th floor and is relocating from 110 East 40th Street. The tenant was represented by Jamie Jacobs and Brittany Silver of Newmark Grubb Knight Frank.

A 2,292 RSF, five-year lease for Breather Products. The company, which currently has multiple locations in Manhattan, will be occupying part of the 17th floor. The tenant was represented by Patrick Mealy of Cushman & Wakefield

“We are very excited to announce the next wave of new office tenants to 211 East 43rd Street,” said Ryan.

“The building’s strong institutional ownership, exceptional location and amenities continues to attract high-caliber regional tenants as evidenced by these five recent deals, and we anticipate continued interest in the near future. Many of the office suites are pre-built with ready-to-move-in status.”

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