Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
Etrali Takes Turnkey Space at 1500 Broadway
Etrali North America signed a lease for 5,837 SF on the 19th floor of 1500 Broadway. Etrali, a subsidiary of Orange Business Solutions, will pay rent in the mid-$50s PSF for the turnkey space, where asking rent was in the high-$50s PSF. Recent leases in the building include Videology, which relocated and expanded to 15,929 SF within the building for starting rent in the low-$50s. For listings in the building, visit 42floors.
Eurotech Subleases from AllianceBernstein
Eurotech subleased 14,387 SF at 135 West 50th Street from AllianceBernstein. The firm's starting rent will be in the low-$30s PSF, which is similar to that of Fareportal, which subleased the rest of the 5th floor, over 40,000 SF, last year. The term of the Eurotech sublease is a little over six years.
Fashion Company Relocates Downtown
Fashion agency Jed Root will relocate from 61 Walker Street to 333 Seventh Avenue. Jed Root will pay rent around $40 PSF for the new 11,000 SF space on the 9th floor. The term of the lease is ten years. The building's entire 15th floor is also available for asking rent in the mid-$40s, where the previous tenant, Parsons Brinckerhoff signed a lease at the height of the market in 2008 for rent in the mid-$30s.