Hersha Hospitality Trust has signed a 12,642-square-foot lease to relocate its executive offices to part of the 20th floor.
Hersha Hospitality Trust has signed a 12,642-square-foot lease at 463 Seventh Avenue in Manhattan’s Garment District. The real estate investment company, which owns and operates several upscale hotels, will utilize part of the 20th floor for its executive offices. David Levy of Adams & Co. represented the landlord, The Arsenal Company, while William Montana represented the tenant in the transaction. The building features a new multimillion-dollar lobby, state-of-the-art Kastle Security System, a fully managed cooling system, modernized elevators with Destination Dispatch technology and Wired NYC Platinum Certification. Rent in the transaction was $54 per square foot.
