Floor Subleased at 1185 Avenue of the Americas
Solil Management signed a lease for the entire 10th floor at 1185 Avenue of the Americas. The firm is subleasing the 27,508 SF of space from Hess, which is currently paying rent in the low-$90s PSF for its 180,822 SF space. Solil will pay rent starting in the low-$40s PSF and will get almost a year of free rent.
Digital Agency Subleases Chelsea Space
Tenthwave Digital signed a sublease for the top floor of 31 West 27th Street. The 11,397 SF space will cost Tenthwave rent in the mid-$40s PSF, which is similar to what the sublessor, AECOM, is currently paying for the space. Last year, AECOM signed a lease downtown at 125 Broad Street with the intention to consolidate offices. The starting rent for AECOM's 91,414 SF space in FiDi is in the mid-$30s PSF.