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Resnick leases two floors at 8 West 40th Street

Real Estate Weekly

by REW, Apr 26, 2021

Jack Resnick & Sons announced that it has finalized two full floor leases at 8 West 40th Street, a boutique, 22-story office building located in the heart of Manhattan’s vibrant Bryant Park district. Trammo, Inc. has signed a new 10-year, 6,667 s/f 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. ​ Trammo CEO Edward Weiner commented: “The company, which has had an office in New York since its founding in 1965, is excited about being a tenant at 8 West 40th Street overlooking Bryant Park, an iconic building owned by a company that has been a major owner and landlord in New York for over three generations.”

The American Friends of Tel Aviv University (AFTAU) also signed 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 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. ​ Trammo, Inc. and AFTAU join a diverse roster of tenants at 8 West 40th Street that includes Marchon Eyewear, Middlegate Securities, Jack Victor Limited, Vision Service Plan, The Altman Foundation, Hakimian Management Corp., Panthera, and WeWork. ​ According to Greenberg, there are three remaining full floors availabilities in 8 West 40th Street and each floor offers tenant controlled HVAC, operable windows and private lavatories.

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