Business brisk at 250 W57th.

Leasing activity remained high at 250 West 57th Street during the third quarter of 2004, with more than 26,000 square feet leased.

Most of this space, approximately 20,000 square feet, represented new leases and expansions, while the remainder constituted renewals.

New leases were signed by Radiovisa Corporation, the Manhattan Bridge Club, IMC Investments, Thomas Hoffman, Esq., and the Friends of Sheba Medical Center.

"Our new tenants are drawn from a wide range of industries," says Barry Zeller, senior director, Cushman & Wakefield, the building's managing and leasing agent. "Although the property is a magnet for media firms that want to be near the Time Warner Center, it's also well suited to other firms that want to be in a high-quality facility in a central, convenient location.

"We expect the pace to continue in Q4," he adds. "We'll be introducing five pre-built suites by the end of the quarter, and these tend to be snapped up quickly. Our pre-builts contain new ceilings, lighting, flooring, heating, air conditioning, and highly efficient space layouts.

In addition, for the first time in decades, an entire floor of more than 25,000 square feet has become available. There's already been a great deal of interest in the space. All and all, the Q4 forecast looks promising!" A $35 million capital improvement program is nearly concluded at the building.

Developments in the Columbus Circle area have transformed it into a magnet for media and entertainment companies. Constructed in 1921, 250 West 57th today is home to many of the city's key players in the arts and entertainment industry. Space availability ranges from 1,000 rentable s/f to the entire fourth floor, consisting of 25,288 s/f.

Part of the W&H Properties portfolio, 250 West 57th Street is owned by Fisk Building Associates LLC, a partnership led by Peter L. Malkin.