Office Lease Up (Mar 16) OnDeck Capital Expands NYC HQs Space by 80,000 SF

Last Weeks Largest Leases Include: A.I. Solutions, Bank Leumi, CapStar, HNTB, Innovative Discovery, Milliman, Nevro, Qumu, Sands Capital, Vodafone, Wacom and others

The 38-story, 908,237-square-foot, 4-Star office tower was built in 1930 in the Penn Plaza / Garment District submarket of Manhattan, at the northeast corner of W. 38th Street.

Keith Cody at ESRT teamed up with Scott Klau, Erik Harris, and Neil Rubin of Newmark Grubb Knight Frank in representing the landlord. Paul Ippolito at Newmark Grubb Knight Frank represented the tenant. By Justin Sumner

The architecture firm will be relocating its New York office to the Empire State Buildsing where it will take occupancy of floors 56-58 in the fourth quarter of this year.

Landlord representation was provided by Fred C. Posniak of ESRT, along with William Cohen, Jonathan Tootell and Shanae Ursini of Newmark Grubb Knight Frank. Sven Sykes, Tyler Owens and Mark Friedman of Colliers International represented HNTB. David Bleckner of Bleckner P.C. served as the landlord's attorney. By Mark Heschmeyer

This will be the third Monday Properties' building in which the financial investment firm has had its offices. It originally occupied nearly 10,000 square feet at 1100 Wilson Blvd. in 2006, and then signed for 41,656 square feet at 1101 Wilson in 2007. In its new lease, the firm will occupy the top four floors at 1100 Wilson Blvd.

As part of the agreement, Monday Properties will construct a brand new, private roof deck for the firm on the 31st floor of 1000 Wilson Blvd.

The lease is reminiscent of the one Politico signed last August, which saw the political news organization relocate its headquarters from 1100 Wilson Blvd. to 72,000 square feet at the larger, more-amenity filled 1000 Wilson building next door.

At 31 stories, the 558,958-square-foot 1000 Wilson building is one of the tallest office complexes in the region. In addition to the deals signed by Politico and Sands Capital Management, the New York City-based investment firm signed trade group Aerospace Industries Association to a 19,102-square-foot lease at 1000 Wilson Blvd. and executed a 59,361-square-foot renewal with SRI International at 1100 Wilson, all within the last six months.

Bruce McNair, Will Travis, Josh Hartman, David Roehrenbeck and Mike Molinari of Avison Young represented Sands Capital in its new lease, while Brendan Owen, Ed Clark and Steve Hoffeditz of Newmark Grubb Knight Frank, in collaboration with in-house reps John Wharton, Austin Freeman and company president and COO Tim Helmig, represented Monday Properties.

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Office Lease Up (Mar 16) OnDeck Capital Expands NYC HQs Space by 80,000 SF