PBS inks trio of deals at 150 E52nd Street

Real Estate Weekly,  Oct 17, 2007  

Tags: PBS

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PBS Real Estate announced it has secured three new commercial leases at 150 East 52nd Street-totaling more than 17,000 s/f--for securities firm Dominick & Dominick, beauty company batallure beauty, LLC, and an international industrial conglomerate.

The firm has now completed leases for over 135,000 s/f of space in the building, with less than 20,000 s/f available.

"The recent success of 150 East 52nd Street has been due primarily to our ability to offer above standard, fully customized installations at competitive rents," stated John Brod, principal, PBS Real Estate.

"Since rebranding the property, we have been able to attract a number of marquee tenants from other premier buildings on Park, Fifth and Madison Avenues, who were drawn to its 8,000 s/f tower floor plates and spectacular views that were ideal for their headquarter needs," added David Tawfik, principal of Princeton International Properties, the building owner.

PBS is the exclusive leasing agent for the 300,000s/f, 35-story Plaza District tower. John Brod, Howard Hersch and Robert Neborak of PBS Real Estate represented Princeton International Properties in all three transactions. Dominick & Dominick added 5,616 s/f of space in the building, bringing its total to 27,625 s/f; the tenant was represented by Newmark Knight Frank. Batallure beauty leased 7,474 s/f and was represented by Laura Pomerantz of PBS Real Estate. The international industrial conglomerate leased 4,043 s/f and was represented by CB Richard Ellis.

Additionally, PBS Real Estate recently completed leases in the building for IHI Corporation, a Japan-based producer of heavy industrial machinery and financial companies Summit Securities Group and HSHN Securities.

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