Architects Migrating Downtown

Swanke Hayden Connell Architects will be relocating to FiDi's 100 Broadway. The firm signed a four-year lease and will pay rent in the mid $30s PSF. Swanke's rent is in line with recent leases in the building, such as Polaris, and is slightly below the high $30s PSF asking rent. The architectural firm will be leaving SoHo (its current office is in The Puck Building at 295 Lafayette), a submarket with average office rents north of $50 PSF in the past year.
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Times Square Move Brings Rent Savings

Gotham will be relocating from 150 East 42nd Street, where companies such as Meister Seelig & Fein recently signed leases for rent in the mid $50s PSF, to 104 West 40th Street. A subsidiary of IPG, Gotham will pay starting rent below $50 PSF at the new location, and its 27,478 SQFT installation will be capped at $65 PSF. The company will receive almost a year in free rent. IPG recently signed a lease just around the corner, at Malkin's 1400 Broadway, for rent in the mid $40s PSF as well.
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Jeweler Expands at 415 Madison

CIRCA Jewels recently signed a lease to expand at 415 Madison Avenue, moving from its 4,540 SQFT space on the 23rd floor to a more spacious 9,669 SQFT on the 18th floor. The firm will maintain its additional 7,531 SQFT space on the 19th floor. CIRCA is currently paying rent in the mid $40s PSF, and the new lease will start in the high $40s PSF and include 6 months of free rent.
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