Jack Resnick & Sons has finalized two full-floor leases at 8 West 40th Street, a boutique, 22-story office building.
Trammo Inc. has signed a new 10-year, 6,667 square-foot lease across the entire 12th floor of the building. The global commodity merchandiser, which specializes in the marketing, trading, distribution and transportation of a wide variety of products, will relocate from 667 Madison Avenue in summer of 2021.
The American Friends of Tel Aviv University (AFTAU) also agreed to a new lease at the building, relocating from 39 Broadway. The organization raises funds in support of Tel Aviv University, Israel’s leading institution of higher learning, and its three-part mission of education, research, and community building in the U.S.
“We are excited to welcome Trammo Inc. and the American Friends of Tel Aviv University to 8 West 40th Street,” said Jonathan Resnick, president of Jack Resnick & Sons. “These commitments are a positive signal not just for the future of Manhattan’s office market and the Bryant Park district, but for New York City as a whole.”
Greg Taubin of Savills represented Trammo, Inc., while Glenn P. Roberts of Fenway Equities represented AFTAU. Jack Resnick & Sons was represented in both transactions by an in-house leasing team of Brett Greenberg and Fran Delgorio.
Originally designed by Starrett & Van Vleck and acquired by Jack Resnick & Sons in 1962, 8 West 40th Street contains a distinctive, two-story lobby with electronic visitor access and security, and a fully modernized elevator system with new cabs. The building recently achieved Leadership in Energy and Environmental Design (LEED) Gold certification with the U.S. Green Building Council.