Home Private Equity Private Equity Firm GTCR Takes 56K SF – Commercial Observer

Private Equity Firm GTCR Takes 56K SF – Commercial Observer


Topping the list of the five largest lease deals list week were a private equity firm, GTCR, which decided anything less than 55,600 square feet at L&L Holding Company’s 425 Park Avenue just isn’t enough. Then, Food delivery startup Orbital Kitchens determined that it needed a base in the borough of Queens and signed a lease at 42-45 12th Street.

Tenant Sq. Feet Address Type Landlord Brokers Asset
GTCR 55,600 425 Park Avenue Expansion L&L Holding Company Unknown
Orbital Kitchens 42-45 12th Street New Superior Management Landlord: Igloo’s Adam Joly and Rachel Cohen
Tikehau Capital 23,000 9 West 57th Street Relocation Soloviev Group Tenant: Avison Young’s Roshan Shah

Landlord: CBRE’s Howard Fiddle, Gregg Rothkin, John Maher, Alex Leopold and Tara Rhodes
UpSlide 9,500 10 Grand Central Relocation Marx realty Landlord: Cushman & Wakefield’s Lexie Perticone

Tenant: JLL’s Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Swartz
Cole Schotz 8,000 1325 Avenue of the Americas Expansion Paramount Group Tenant: Cushman & Wakefield’s Justin Halpern, Ed Wartels and Ben Bouganim

Landlord: Douglas Neye at Paramount
Lift 3,500 424 East 147th Street Relocation United Capital Corp. Landlord: JLR Realty’s Jesse Rubens

Tenant: Open Impact Real Estate’s Alexander Smith and Kendall Elliott

Lease Deals of the Week reflect leases closed or announced from March 11 to March 14. Information on leases can be sent to editorial@commercialobserver.com.

SEE ALSO: Finance Deals of the Week: $135M California Office-Retail Loan

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