Furnished Off-Market Office Space in Trophy New York City Office Building
In 2013, Boston Properties, one of the country’s largest and most well-known real estate investment trusts, completed a 38-story, 1 million square foot office tower on the west side of Midtown Manhattan, 250 West 55th Street. Since then, the trophy skyscraper has experienced extraordinary leasing volatility- with law firm powerhouses Kaye Scholer (now Arnold & Porter Kaye Scholer) and Morrison & Foerster anchoring the building with roughly 500,000 square feet of leasing combined. The rest of the asset is predominantly occupied by a multitude of financial services firms, private equity firms, hedge funds and family offices, including Soros Fund Management (click here to see the PENTHOUSE floor they just put on the market for sublease). With the asset maintaining a 98% occupancy rate, finding a high-end hedge fund office space within has become increasingly difficult… Until now.
There is a brand new, off-market opportunity on the partial 25th floor. The unit was built about a year ago and measures 4,762 rentable square feet. Undoubtedly one of the most luxurious, top of the line workspaces within the size range, it was constructed with a grandiose reception that features double glass door entry directly off of the elevators, a 10-person conference room, 6-person breakout room, 4 perimeter offices, 1 large executive corner office, a wet pantry, large IT closet (with supplemental cooling), and bullpen with 12 trading desks. The premises sits on the northwest portion of the floor and features expansive views of the Hudson River and Columbus Circle. All of the existing furniture and infrastructure can be made available for an incoming tenant’s use and best of all, it will likely be a direct deal with zero credit risk.
Trophy Penthouse Opportunity in the Plaza District –
By Lance Leighton | November 08, 2016
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Savills North America | 399 Park Avenue | 11th Floor | New York, NY10022