Every week we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
WeissComm Group Relocates from Midtown South to Downtown
WeissComm Group (WCG) will relocate from an 18,000 SQFT sublease at 114 Fifth Avenue to over 35,000 SQFT at 199 Water Street, leased directly from Jack Resnick & Sons. The new lease on Water Street is in the low $40s PSF, a slight hike in rent compared with the mid $30s PSF at 114 Fifth Avenue. L&L recently bought 114 Fifth Avenue and plans to renovate the property, hoping to replicate its success at 200 Fifth Avenue, where recent leases signed for over $80 PSF in rent.