Fir Tree Puts Another Sublease on the Market

June 14, 2017

Lance Leighton

Co-Founder –
Senior Managing Director, Savills Studley, Inc.
New York State Licensed Real Estate Salesperson

Call 212-326-8668

Brand New Extremely High-End Sublease at Tower 46

SL Green Realty Corp., New York City’s largest landlord, has done an exceptional job of leasing its newly acquired office floors at 55 West 46th Street. Large users including Comcast, Nixon Peabody, and Fir Tree Partners have already taken large swathes of space – 66,000, 45,000 and 31,000 rentable square feet respectively. Fir Tree, however, was the first to recognize the extraordinary value of brand new construction in Midtown. Located in close proximity to Bryant Park and Grand Central, it has easy access to all of Manhattan. Earlier this year, Fir Tree put a 2,868 square foot pre-built on the market for sublease and have almost completed this disposition. They are in the process of putting a slightly larger yet even higher-end unit on the market.

Not yet available to the public, the 5,740 rentable square foot space will be hitting the market in the coming weeks. The unit is currently built with 1 executive sized office with a 4 person conference room, 3 partner sized offices, a large boardroom for 12, a 4 person meeting room, a wet pantry, and open area for 6-8 employees (floor plan below). It was constructed to an extremely high standard with high ceilings both exposed and dropped and essentially floor to ceilings windows. In addition, there is top-of-the-line furniture included for an incoming subtenant’s use. Available immediately for occupancy, the term extends through August of 2021 allowing for great flexibility on a short-term basis. This is one of the best deals in Midtown for a hedge fund, investment bank, or private equity firm.

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