Cushman & Wakefield’s 101 Park Ave. at 98% after – Business News
Three new signings at H.J. Kalikow’s 101 Park Ave. totaling 77,400 sq. ft have introduced the tower at East fortieth Street close to Grand Central Terminal to 98% leased.In one thing of a coup, Peter Kalikow and his Cushman & Wakefield leasing crew of John Cefaly and Nicholas Dysenchuk snared a former One Vanderbilt tenant — Cipher Digital, which took the whole high ground’s 26,400 sq. ft for its relocated headquarters.Kalikow mentioned, “The top floor of 101 Park is a very special place with expansive views in an efficient, column-free environment.”
Meanwhile, wealth-management firm Corient expanded by 24,600 sq. ft, bringing its footprint within the tower to just about 100,000 sf. And law firm Sills Cummis & Gross took 26,400 for a relocation within the building.
We don’t know what Gary Barnett has in thoughts for the previous Friars Club building at 57 East fifty fifth St., which his Extell Development Corp. purchased for $19 million, the Commercial Observer reported on Friday. But it could actually solely be good although the tiny limestone building’s treasure-trove of show business artifacts was offered at public sale a few weeks in the past. Like the Church of Sweden on East forty eighth Street and the previous home of La Grenouille on East 52nd Street, it evokes a long-gone, more gracious New York period.
Exterior of the previous Friars Club building at 57 East fifty fifth St. Brian Zak/NY Post
Although Friars is just not a designated metropolis landmark, Barnett’s unlikely to mess with its facade. The property is sandwiched between two tall towers and too slender to help a giant redevelopment. We stay up for the subsequent chapter, no matter it’s.
