CBRE seals 45,000 s/f Sixth Avenue sublease.Regent Business Centers, a leader in providing premium business facilities, recently committed to a 45,000-square-foot, sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. space, consisting of the entire 27th and 28th floors, at 1325 Avenue of the Americas. This new facility, which joins 575 Lexington Avenue and 787 Seventh Avenue as the firm's third Manhattan location, highlights Regent's continuing national and local growth and expansion. CB Richard Ellis' Roger Griswold, a Senior Vice President in the firm's Midtown office, represented Regent in the sublease. CBRE's Robert Alexander
"This sublease enables Regent to further expand their Midtown presence with nicely appointed and well-maintained, fully-furnished space at very advantageous economic terms," Mr. Griswold said. "With the success they've had in this midtown sub-market and fully aware that the market was tightening, Regent was eager to secure an additional facility to accommodate their growing business." Mr. Griswold is the senior broker for CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) , which exclusively represents Regent on a national basis, having first developed a relationship with that firm more than ten years ago. He initially represented Regent in 1995 in the establishment of their first West Coast operation, in San Francisco. Mr. Griswold shortly thereafter established their initial Los Angeles and Denver offices. Regent currently has 12 offices across the United States. Built in 1989, the 750,000 s/ft 1325 Avenue of the Americas is home to tenants such as Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., ING Financial, Hilton Hotels Corporation Hilton Hotels Corporation (NYSE: HLT) is one of the leading global hospitality companies. As of April 2007 there are 2,645 hotels and 485,000 rooms employing 105,000 people in more than 80 countries. , ACE Financial Services and The William Morris Agency Founded in 1898, the William Morris Agency is the largest diversified talent and literary agency in the world, with offices in New York City, Beverly Hills, Nashville, Miami, London, and Shanghai. , among others. |
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