E-Sports activities Firm ESL Gaming Takes 8K SF at 551 Madison Avenue – Commercial Observer

Global e-sports and gaming leisure firm ESL Gaming is certainly one of a number of tenants making strikes at Lexin Capital’s 551 Madison Avenue, Commercial Observer has realized.

ESL, which produces online game competitions worldwide, has signed a five-year lease for 8,330 sq. toes throughout the whole 14th flooring of the 17-story Midtown workplace constructing, in keeping with landlord dealer JLL.

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The deal appears to characterize ESL’s first workplace in New York City, as the corporate is predicated in Cologne, Germany, and has European workplaces in France, Spain and Poland. ESL opened its first North American office in Los Angeles in March 2015, with plans to finally increase into New York City.

“We’re delighted to welcome our new office tenants as part of our growing community,” Metin Negrin, president of Lexin Capital, mentioned in an announcement. “Our goal has been to create a workplace where professionals genuinely want to come every day — one that combines the intimacy and service of a boutique building, where the doorman knows your name.”

Asking rents on the constructing vary from $76 to $95 per sq. foot, in keeping with JLL.

Colliers’ Sheena Gohil and Jack Senske brokered the deal for the tenant, whereas JLL’s Greg Wang, Rob Wizenberg, Kate Roush and Nicole Danyi represented the owner. Spokespeople for ESL and Colliers didn’t instantly reply to requests for remark.

ESL isn’t the one new tenant at 551 Madison, which is on the nook of Madison Avenue and East fifty fifth Street. North Bridge, a business actual property financing supplier, additionally not too long ago signed a five-year lease for six,492 sq. toes on a part of the thirteenth flooring of the constructing, in keeping with JLL. Artisan’s Sarah Pontius and Carleigh Bettiol represented North Bridge within the deal.

Meanwhile, Crivelli USA, the American arm of Italian jeweler Crivelli, signed a seven-year lease for two,259 sq. toes on the eleventh flooring of the property. Prime Manhattan Realty’s Jonathan Anapol and Jasmine Quiroz brokered the deal for the tenant.

Venture capital agency Recharge Capital signed a three-year lease for 1,844 sq. toes on the eighth flooring, whereas worldwide regulation agency Han Kun Law Offices signed a four-year deal for 1,838 sq. toes on the thirteenth flooring. CBRE’s Brad Gerla and Keegan Schenk represented the regulation agency, whereas it was unclear who brokered the deal for Recharge Capital.

The JLL crew represented the owner in all offers.

“Lexin Capital’s investment in maintaining a boutique, high-quality environment resonates strongly with firms that want a Midtown presence with a personalized scale,” JLL’s Wang mentioned in an announcement. “551 Madison Avenue continues to attract top-tier tenants across industries who value the building’s location, design and ownership.”

Other present tenants of 551 Madison embody holding firm Glassbridge Enterprises and Connect One Bank. A brand new wellness and health middle operated by Foresight Health Coaching can even open within the constructing’s decrease stage, Negrin mentioned.

Isabelle Durso will be reached at idurso@commercialobserver.com.