Jack Resnick & Sons today announced lease renewals totaling 20,000 square feet with two tenants at 8 West 40th Street, its boutique 22-story office building in the heart of Midtown’s desirable Bryant Park neighborhood.
In the larger of the two transactions, Middlegate Securities will extend its 13,334-square-foot lease commitment for ten additional years. The financial advisory firm, which serves institutional and high net worth clients both in the United States and around the world, will re-stack and trade its current 3rd and 4th floor premises for the 4th and 5th floors at the building.
Technology company Merlyn Mind is also extending its lease, retaining its 6,667-square-foot space on the 20th floor. Merlyn Mind, which provides cutting-edge AI digital assistant solutions to educators, renewed its lease at 8 West 40th Street for an additional two years.
“Middlegate Securities and Merlyn Mind’s decisions to extend at 8 West are a testament to our relationships with both companies, the quality of the building, and its unmatched location on the doorstep of New York’s iconic Bryant Park,” said Jonathan Resnick, President of Jack Resnick & Sons.
Jack Resnick & Sons was represented in-house in both transactions by Executive Managing Director Brett Greenberg and Managing Director Fran Delgorio. Benjamin Blumenthal and Ralph Chattah of Noah & Co. represented Middlegate Securities. Evan Algier and Nick Masi of Cushman & Wakefield represented Merlyn Mind.
Originally designed by Starrett & Van Vleck and acquired by Jack Resnick & Sons in 1962, 8 West 40th Street boasts a distinctive, two-story lobby with electronic visitor access and security, and a fully modernized elevator system with new cabs. The building is Leadership in Energy and Environmental Design (LEED) Gold certified by the U.S. Green Building Council.
Other major tenants at the 137,327-square-foot office building include Marchon Eyewear, Hakimian Management Corp., Trammo, Inc., American Friends of Tel Aviv University, The Altman Foundation, eCapital Asset Based Lending Corp., Estel America, Inc. and Jack Victor, Ltd. Retail tenant Heritage Bakery & Cafe opened its first U.S. location at the building in 2021, including an upscale restaurant & pizza bar serving Parisian-style artisanal breads, specialty cakes, pastries and providing an ideal amenity for the building’s office workers, as well as the neighborhood’s visitors and shoppers.
Remaining availability at 8 West 40th Street includes the entire 18th, 11th and 3rd floors, each comprised of 6,667 square feet. The building’s 3rd floor has 17-foot ceilings, which offers an incredibly unique working environment. Resnick’s leasing program offers built-to-suit spaces that match each tenant’s needs. Asking rents are $65 per square foot.
About Jack Resnick & Sons
A full-service real estate organization, Jack Resnick & Sons has been an industry leader in development, construction, ownership and management since its founding in 1928 and is now celebrating its 95th Anniversary. Its Manhattan portfolio currently includes approximately five million square feet of commercial office and retail space, including One Seaport Plaza, its signature office tower at 199 Water Street. It also has developed thousands of luxury residences and continues to own, manage and lease approximately 1,000 rental apartments.
