Turn On Products Leases Space At 48 W 37th St In New York | 48 W 37th St | Gregory (Greg) Albert | Office | Lease

Summary

Lease

NEW YORK

Office

11,525 sqft

Located at 48 West 37th Street in New York, NY, the 18-story building constructed in 1926 is now home to Younique Clothing, operating as Turn On Products. The 11,525 square feet space on the 5th floor will be utilized for general and executive offices, with a ten-year lease signed at a rate of $45 per square foot.

Summary of transaction details:

Property Type: Lease
Transaction Amount: $45 per square foot
Tenant: Turn On Products
Tenant's Rep: Gregory (Greg) Albert (Savills)
Landlord: Forty Eight Thirty Seven Associates

David Levy, a principal at Adams & Co., represented the landlord in the transaction. The deal was co-brokered on behalf of the tenant by Greg Albert of Kaufman Leasing Company and Scott L. Kestenbaum. Adams & Co. recently collaborated with Equiem to introduce a tenant portal in the building, enhancing tenant engagement.

Players

All
2

Agents
1
Agencies
1

Gregory (Greg) Albert

Professional Expertise

Savills

Details

Deal Summary

LEASED

IMAGE: 2018-12-20 00:00:00 -0800 ADDRESS: 48 W 37th St, New York, NY, 10018 MARKET: New York TENANT'S REP: Gregory (Greg) Albert(Savills) TENANT: Turn On Products LANDLORD: Forty Eight Thirty Seven Associates RENT/SF: 0 SQUARE FEET: 11525 NOTE: Adams & Co. Real Estate signed a new 11,525 s/f ten-year lease with Turn On Products, which operates as Younique Clothing, at 48 West 37th Street. The clothing manufacturer plans to utilize the full 5th floor for general and executive offices and will move in immediately. David Levy, principal of Adams & Co., represented the landlord, Forty Eight Thirty Seven Associates, while Greg Albert of Kaufman Leasing Company & Scott L. Kestenbaum co-brokered the transaction on behalf of the tenant. Rent was $45 per square foot. “48 West 37th Street continues to be a desirable location for companies due to its prime location in the heart of the Transit Triangle,” said David Levy, principal of Adams & Co. “As employers demand more and more from their employees, being in the very center of the three major NYC transportation hubs has become increasingly important.” Constructed in 1926, 48 West 37th Street is an 18-story building located near several transit systems. Adams & Co. recently partnered with Equiem, an Australian-based global property technology and tenant engagement company, to launch a comprehensive tenant portal available in the building and throughout the Adams & Company portfolio. Founded in 1974, Younique Clothing designs and manufactures women’s clothing.

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Address48 W 37th St

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