Helmsley Spear, LLC, America’s oldest continuously operating real estate firm founded in 1866, is pleased to announce that the firm has represented the ownership of 48 Wall Street in a new long term lease with Quest Workspaces for the entire 10th, 11th and 12th floors for a total of 43,542 square feet.
“We are thrilled to be able to assist Quest Workspaces, in their conversion to a long term lease in the building. We wish them continued growth and success as their company continues to expand,” said Kent M. Swig, Presdient of Helmsley Spear.
The Helmsley Spear team representing the building includes Andrew G. Simon, Executive Vice president, James Emden, Vice Chairman and Randy Sherman, Executive Managing Director. Representing Quest in this transaction was Laura Kozelouzek, Chief Executive Officer and Founder.
“Especially in these challenging times as workspaces are being “re-worked,” the ability to provide workspace solutions that are flexible, adaptable, and provide the best financial options—for clients, landlords, and owners—will determine success for all,” said Kozelouzek. “I’m grateful for the vision and commitment of Helmsley Spear to partner for long term success.”
Quest has managed the shared workspace in the building since 2018 under a short term license agreement and transformed the space through a complete renovation. As a leader in the co-working industry, they currently operate nine centers throughout Florida and two in Manhattan. They have led workspace office design and services that combines distinctive, turn-key private offices with unsurpassed concierge services—from technology solutions, remote office support, virtual office packages, and conference room services.
“Laura and her team operate a first-class facility and we feel that the Quest operation acts in many ways like an amenity to the building and its tenants,” added Andrew G. Simon.
Helmsley Spear took over leasing and property management for the property at the end of 2020, and will be announcing several additional leases in the weeks ahead as interest in the property has become quite active since the beginning of 2021.
About Helmsley Spear
Since 1866, Helmsley Spear has been a leader in commercial real estate creating legendary deals that are the cornerstones of the real estate industry, and is the oldest, continually operating real estate firm in America. Evolving from a real estate appraisal company to a full-service firm providing highly-skilled, professional performance and bottom-line profitability for its clients, Helmsley Spear provides property owners and users of real estate with a full array of services including: office and retail leasing; property and asset management; capital advisory services; investment sales and financing; project development and construction management; preventative maintenance and engineering; insurance services and appraisal. Helmsley Spear is independently owned and operated with offices in New York and San Francisco.
About Quest Workspaces
For over 10 years, Quest Workspaces has provided flexible and affordable workspace solutions to support companies of all sizes and stages. Quest operates over 300,000 square feet of Class A office space, with over 1,000 private offices and 2,500 workstations, and also provides services to more than 1,000 virtual and work-from-home clients. With two locations in New York City, and nine locations in key markets in South Florida including downtown and greater Miami, Palm Beach, Boca Raton, Broward, and Tampa, Quest Workspaces continues to be recognized as an award-winning industry leader. For more information call 1.800.268.1051 or visit www.questworkspaces.com.