Newmark Grubb Knight Frank (NGKF) is pleased to announce it secured a 7-year, 7,558-square-foot lease for Schireson Associates at Five Bryant Park. NGKF’s Scott Gutnick, associate, and Aaron Maltz, associate director, represented the tenant in the transaction. Landlord Equity Office, an affiliate of Blackstone Group, was represented by NGKF’s Brian Waterman, vice chairman, Brent Ozarowski, executive managing director, Josh Gosin, managing director, and Alex Radmin, associate.
Schireson Associates, a full-service market research consultancy specializing in high-tech data and analytics, is relocating from its current 3,886-square-foot space at Three Columbus Circle to the boutique space at Five Bryant Park, where the firm will occupy the entire 33rd floor of the building. The company is set to move in this spring.
Built in 1958, Five Bryant Park has recently undergone extensive building renovations, now boasting an updated lobby and brand new building entrance on 41st Street in addition to its original 40th Street entrance. The 33rd floor space includes polished concrete floors, exposed ceilings, an open pantry and floor-to-ceiling glass panels that display unobstructed views of Bryant Park and Midtown. Located in one of the most geographically convenient areas in Manhattan, the building is in walking distance of numerous restaurants, shops and transportation hubs including Grand Central Station and Penn Station.
“While some TAMI tenants have previously focused on Midtown South and the Upper Plaza District, landlords like Equity Office are drawing in more of these tenants to the Bryant Park area with creative installations and boutique floor plates,” said Gutnick. “Schireson Associates felt that Bryant Park was a perfect match for the firm’s culture and is looking forward to a new home for its growing employee base.”
“We’re thrilled to add Schireson Associates to our tenant roster,” said Equity Office’s Scott Silverstein. “It’s an innovative company with an appreciation for our highly creative and quality pre-builts in the heart of the thriving Bryant Park submarket.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
About Equity Office
With an impressive portfolio encompassing approximately 50 million square feet of Class A office space, Equity Office is one of the largest and most reputable commercial real estate firms in the nation. An affiliate of Blackstone Group, the premier global investment and advisory firm, Equity Office focuses on meeting current trends and strategically addressing the changing needs of companies in superior locations throughout the country. Equity Office boasts five buildings and 2.5 million square feet of office space in NYC including Park Avenue Tower in Midtown Manhattan - a 615,000 square foot commercial building located at 65 East 55th Street. For more information, visit www.equityoffice.com.