Soloviev Group Secures Tenants at NYC Tower
Three firms leased more than 40,000 square feet at this trophy office building.
Soloviev Group has signed three new long-term leases at its flagship property at 9 W. 57th St. in Manhattan, where asking rent is above $200 per square foot.
Platinum Equity Advisors LLC, Hess Group LLC and Beaconlight Capital LLC cumulatively leased 40,728 square feet of trophy office space at the Midtown address.
Private equity investment firm Platinum Equity Advisors secured 15,903 square feet on the building’s 46th floor. Oil and energy company Hess Group signed for 19,544 square feet, and alternative investment firm Beaconlight Capital committed to 5,281 square feet, the only available space on the newly finished amenity floor.
The 50-story building spans 1.7 million square feet with nearly 40,000 square feet of retail space. In 2016, it became subject to a $1.2 billion CMBS loan from Wilmington Trust, originated by JPMorgan Chase, according to CommercialEdge data. That loan matures in September 2026.
READ ALSO: Where Office Space Wins
Howard Fiddle, John Maher, Gregg Rothkin, Alex Leopold and Tara Rhodes of CBRE represented Soloviev Group in the transactions. Hess Group was represented by Howard Hersch of Newmark, Beaconlight Capital was represented by Alex Chudnoff of JLL and Platinum Equity was represented by CBRE’s Ben Friedland and Gary Davies.
Significant building upgrades
The skyscraper’s lobby recently saw significant upgrades, including a modernized elevator and new building-system technology.
New amenities for 9 West 57th St. included a 20,000-square-foot luxurious amenity floor overlooking Central Park, modern conferencing, a grab & go coffee bar, multi-functional meeting space, executive dining and a hospitality area.
There is an 11,000-square-foot fitness center that features a cold plunge and hot spa-pool, golf simulator, spa-quality locker and shower rooms. Tenants also have access to masterworks by Alberto Giacometti, Henry Matisse, Vincent van Gogh and Basquiat that rotate quarterly in the Soloviev Foundation gallery.
Strong tenant roster
Apollo Global Management, CHANEL, Loews Corp., Qatar Investment Authority, Coatue, Veritas and Standard Industries are other premier building tenants, as well as recent newcomers Mousse Partners, Davidson Kempner, Tikehau Capital, Jain Capital, PointState Capital and Panco Operations.
Last year, Soloviev Group secured Tikehau Capital as a long-term tenant for 23,033 square feet at the property, which was built in 1971. The firm will occupy the space on the 45th floor. CBRE arranged the lease on behalf of the landlord. Tikehau Capital was represented by Avison Young.
You must be logged in to post a comment.