Lease Transaction Friday

This week is all about the side street buildings. The avenue buildings get most of the attention, but tenants off the avenues have been signing some major leases over the past few months.

JLA Home renewed its lease for 12 years at 11 East 26th Street, to go along with a significant expansion, for a total of 36,200 RSF. Asking rents for the space were approximately $32.00 PRSF... Arcus Foundations leased 11,584 RSF on the entire 17th floor at 44 West 18th Street for 15 years, with a rental rate that averaged approximately $40.00 PRSF over the term, along with a significant workletter from the landlord and more than 6 months of free rent.... Fisher Marantz Stone renewed its lease of 18,300 RSF on the entire 6th floor at 22 West 19th Street, where asking rents were in the low $30s PRSF, for 8 years.... Krueger International signed a 5-year renewal of its lease for 13,000 RSF at 71 West 23rd Street, where the asking rent was approximately $40.00 PRSF.... Also at 71 West 23rd Street, The National Committee On U.S.-China Relations renewed its lease for 4,000 RSF.