In a move that is also something of a homecoming for its president, Kent M. Swig, Helmsley Spear LLC has expanded to and relocated to 747 Third Ave., which is a sublease from ITN Holdings LLC. The new corporate space comprises the entire 11th floor of 15,100 rentable square feet. Helmsley Spear was previously located at 444 Madison Ave.
Helmsley Spear was represented in house by Randy Sherman, executive managing director with Eric Lassoff, managing director, in the new sublease. The sub-landlord, ITN, was represented by Savills Vice Chairmen Daniel Horowitz and Jeffrey Peck, Executive Managing Director Roi Shleifer, Managing Director Jacob Stern, Assistant Director Simon Chu and Associate Yoni Bettinger.
“As we continue to grow, this Class A space will provide our brokers with a strategic New York City location and the professional and technology amenities to better serve the Helmsley Spear client base,” said Kent M. Swig, president of Helmsley Spear, LLC. “Of particular note, it is very gratifying to me to have Helmsley Spear in 747 Third Avenue as my grandfather Ben Swig developed the building with Mel and Bob Kaufman.”
The 39-story, 450,000-square-foot building was designed by Emery Roth and Sons. Over the years and in the past, 747 Third Avenue has housed an international tenant roster including the BBC, Thompson Reuters, and a number of national and international communications, technology and hospitality related firms.
