Design group answers when opportunity knocks.In a strategic real estate move that was more than a year in the making, The Robert Allen Group has leased 38,348 s/f at 11 W. 42nd St. in Midtown, where it plans to relocate from about 30,000 s/f in Midtown South. The Robert Allen Group, a leading designer and marketer of decorative fabrics to the interior design trade, executed two lease transactions within the building to accommodate its growth in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of : a 10,466 s/f direct lease with the building's landlord, and a 27,882 s/f 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. from apparel firm Jones New York. The company is currently located at 79 Madison Ave., in Midtown South, which it plans to vacate. The Robert Allen Group leased the entire 22nd and 28th floors at 11 W. 42nd St., which is located on 42nd Street between Fifth and Sixth Avenues. Cushman & Wakefield brokerage professionals Glenn Markman and Danielle Zimbaro represented The Robert Allen Group in its office space evaluation, site search and lease negotiations. Robert Martin, Paul Walker, and Ken Meyerson of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. represented the sublandlord, Jones New York. Calvin Farley and Greg Conen of Tishman Speyer Properties Tishman Speyer Properties is a leading real estate building and operating company set up in 1978 by two founding partners, Jerry Speyer and Robert Tishman. Overview represented the building as agent for the landlord. "The Robert Allen Group determined well in advance of its lease expiration the precise opportunity it was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. in this market," said Ms. Zimbaro, a Cushman & Wakefield director. "When it surfaced, they grabbed it." "The space in the building offers light and air, which creates the ideal work environment for the firm's designers," said Mr. Markman, a Cushman & Wakefield executive director. "The building itself, just blocks from Grand Central and across the street from The New York Public Library New York Public Library, free library supported by private endowments and gifts and by the city and state of New York. It is the one of largest libraries in the world. and Bryant Park, is at the heart of Midtown offering a class-A infrastructure and world-class amenities." Built in 1927, the 930,000 s/f building is already home to Martha Stewart Living-OmniMedia, among others. |
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