Newmark Grubb Knight Frank (NGKF) is pleased to announce its representation of New York REIT, Inc. (NYRT) in its lease to Lane Office Furniture Inc. (Lane Office) at 256 West 38th Street in New York City. NGKF’s Senior Managing Director Paul Davidson and Associate Director Matthew Feigen represented NYRT in the transaction.
Lane Office is a full-service furniture dealership and a preeminent Knoll distributor. As the exclusive New York City partner for DIRTT (Doing It Right This Time), Lane Office also helps clients build sustainable architectural interiors through the use of powerful three-dimensional software that designs and demonstrates workspaces in real time. Lane Office will be relocating from its current location at 205 Lexington Avenue in the Midtown South area to the new location at 256 West 38th Street, where it will lease the entire fifth and sixth floors of the building, totaling 17,220 square feet.
“This space offers plenty of room for Lane Office’s expansion and meets its desired price range. We believe that Lane Office is a great addition to the evolving neighborhood,” said Davidson.
About Newmark Grubb Knight Frank
NGKF is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.