Press
Release in NY POST
New York, NY - July 31, 2008 -
The stodgy environs of Murray
Hill long seemed an odd home for
Spin, the cutting-edge music
magazine.
That will change later this year
when the hip monthly moves from
215 Lexington Ave. at 33rd
Street to the loft building at
408 Broad way, just below Canal
Street.
Spin has signed a lease for
14,300 square feet, the entire
fourth floor, in the five-story
address bought earlier this year
by Vanick Properties.
CB Richard Ellis'
Derrick Ades,
who repped the landlord with his
firm's
Matthew Bergey
and
Brian Feil,
said Spin is the first new
tenant since Vanick upgraded the
lobby, bathrooms and
air-conditioning.
"They were attracted to the
building's old-school, loft
atmosphere, which includes high
ceilings and narrow, cast-iron
columns," Ades said. Soon to
come will be a "crazy skylight"
on the top floor.
He said Vanick is in talks with
an "edgy" advertising firm for
another floor. The building also
has 10,000 square feet of retail
space on the block.
Cushman & Wakefield's
Philip Amarante
repped the tenant.
http://www.nypost.com/seven/07292008/business/time_for_some_action_122099.htm?page=2
Press Release in NY OBSERVER
CB RICHARD ELLIS SPINS MUSIC
MAGAZINE INTO LOFT SPACE
New York, NY – July 31, 2008
– CB Richard Ellis announced
today that it arranged 10-year,
14,300-square-foot lease at 408
Broadway on behalf of the
landlord, Vanick Properties
Inc. Spin Magazine will occupy
the entire 4th floor
when it occupies the space later
this year.
“Spin was
looking for space to grow, and
was attracted to the building’s
old-school, loft atmosphere,
which includes high ceilings and
narrow, cast-iron columns,” said
Derrick Ades, senior vice
president, CBRE, who arranged
the deal with Matthew Bergey,
senior associate,
and
Brian
Feil, associate..
Spin is the
building’s first new tenant
since Vanick, which acquired 408
Broadway earlier this year,
upgraded the lobby, bathrooms
and air-conditioning. Located
just below Canal Street, the
five-story loft building also
has 10,000 sf of retail space
available for lease.
Philip
Amarante, of
Cushman & Wakefield, represented
Spin, which is relocating from
215 Lexington Avenue at 33rd St.
http://www.observer.com/2008/real-estate/spins-joins-media-mass-migration-downtown
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