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Every week, it seems, there is a new report about the tight commercial market and the difficulties of finding well located, quality space in Midtown. The search process is particularly difficult for companies that require large blocks of space. But W&H has good news for these companies - there are still some great opportunities. Take, for instance, the following full floor availabilities in our properties:
At The Lincoln Building: We have a full floor of 47,589 square feet, with 90 windows, perfect for a large corporate user that would like the convenience of additional space right at Grand Central Terminal. At 60 East 42nd Street, not only are we right across the street from the Terminal, but we also have direct underground access. This full floor can be a value alternative for back office users or a stand-alone premier location.
At 1359 Broadway: Want a great view of the Thanksgiving Day Parade? Consider leasing our fifth floor, totaling 23,567 square feet, with 56 windows. Located in the heart of the Herald Square district at 36th Street, 1359 Broadway enjoys convenient access to the Long Island RailRoad, New Jersey Transit and Amtrak at Penn Station; the Port Authority Bus Terminal; PATH and 15 subway lines. It also has recently undergone $54 million in renovations, which include new windows; new restrooms; a new HVAC system; upgraded electrical systems; newer, faster elevator operating systems; new elevator cabs; refurbished public corridors; and a new lobby and entrance.
At the Empire State Building: We have several full-floor availabilities, including:
The entire 13th and 14th floors and part of the 15th floor, which have renovated elevator lobbies and offer the potential for a 150,000-square-foot block of contiguous space! The 13th and 14th floors have 96 windows each, and the block on the 15th floor has 61. The 13th floor is immediately available.
The entire 25th floor, totaling 30,995 square feet. With 70 windows, it offers great views in all directions.
The entire 32nd floor of 24,391 square feet, with 76 windows, available as early as the second quarter of 2007.
The entire 38th floor, with 24,619 square feet and 76 windows with spectacular views, also available in the second quarter of 2007.
The entire 41st floor, containing 20,008 square feet, with amazing views from 69 windows, and immediate availability.
At 112 West 34th Street: The fifth floor and part of the sixth floor are available. The former measures 40,719 square feet and has six corner offices and no fewer than 114 windows, with exposure to the north, south and west. The sixth floor block measures 20,690 square feet. As a new addition to the W&H portfolio, the building's transformation has already begun with its new lobby under construction, spearheaded by its new managing agent, Cushman & Wakefield. The total program will include approximately $50 million in capital improvements.
At 1400 Broadway: If you're looking for panoramic views, you should visit the 32nd and 33rd floors in the tower of this high-end showroom building, which measure 14,013 and 13,561 square feet, respectively. The 32nd floor has 70 windows and the 33rd floor has 67. In addition, the 19th floor, with 31,133 square feet and 81 windows, is also available. As at 112 West 34th Street, the property is under new management - Cushman & Wakefield - and the lobby renovation here is underway as the first part of a $50 million+ capital improvements program.
At 1350 Broadway: We have a full floor of 16,554 square feet for a tenant that seeks a space with unmatched light and air high above Herald Square. The sunny space has 60 windows on four sides that provide a balloon's-eye view of the Macy's Thanksgiving Day Parade, 26 windowed offices, two conference rooms, a pantry and a support area. With easy access to Grand Central Terminal, Penn Station, the Port Authority Bus Terminal, and some of the best shopping in New York City in the immediate vicinity, you may not even have time to notice the great lobby renovation soon to be underway.
Don't miss out on these rare opportunities. Our leasing managers, whose numbers are listed here, will be delighted to show you these and other spaces that match your firm's needs. If you act quickly, you may be able to secure a coveted block in the notoriously tight Midtown market - so call today!
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