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Topping the list of the five largest lease deals list week is a private equity firm, GTCR, which decided anything less than 55,600 square feet at L&L Holding Company’s 425 Park Avenue just wasn’t enough. Then, food delivery startup Orbital Kitchens determined that it needed a base in the borough of Queens and signed a lease at 42-45 12th Street.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| GTCR | 55,600 | 425 Park Avenue | Expansion | L&L Holding Company | Unknown | |
| Orbital Kitchens | 42-45 12th Street | New | Superior Management | Landlord: Igloo’s Adam Joly and Rachel Cohen | ||
| Tikehau Capital | 23,000 | 9 West 57th Street | Relocation | Soloviev Group |
Tenant: Avison Young’s Roshan Shah
Landlord: CBRE’s Howard Fiddle, Gregg Rothkin, John Maher, Alex Leopold and Tara Rhodes |
|
| UpSlide | 9,500 | 10 Grand Central | Relocation | Marx realty |
Landlord: Cushman & Wakefield’s Lexie Perticone
Tenant: JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz |
|
| Cole Schotz | 8,000 | 1325 Avenue of the Americas | Expansion | Paramount Group |
Tenant: Cushman & Wakefield’s Justin Halpern, Ed Wartels and Ben Bouganim
Landlord: Douglas Neye at Paramount |
|
| Lift | 3,500 | 424 East 147th Street | Relocation | United Capital Corp. |
Landlord: JLR Realty’s Jesse Rubens
Tenant: Open Impact Real Estate’s Alexander Smith and Kendall Elliott |
|
Lease Deals of the Week reflects leases closed or announced from March 11 to March 14. Information on leases can be sent to editorial@commercialobserver.com.
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