Estabrook Capital Gets 875 Third Ave. Sublease

NEW YORK CITY-Estabrook Capital Management has subleased 11,857 sf through Sept. 30, 2014 at 875 Third Ave. The sublessor is Watson Wyatt and the landlord of the property is Eastgate Realty.

Asking rent at the property is $75 per sf. Estabrook, which was acquired by Grove Creek Asset Management LLC, who has office space on the 29th floor of 153 E. 53rd St., is keeping the Estabrook name. Due to the expanded, merged company size, and upcoming lease expiration, Estabrook will move into the new space on the 15th floor on Sept. 1, 2008.

The subtenant representatives were CB Richard Ellis’ EVP Paul Amrich and associate Fernando Urrutia. The landlord representatives were Anthony Dattoma and Mike Mashovich.

Amrich tells GlobeSt.com that Watson Wyatt is staying at the building, but is shedding some space. He notes that the building, which totals 720,000 sf, is 100% occupied. Office tenants, according to MrOfficeSpace.com, include Hogan & Hartson, Thelen Reid & Priest, Watson Wyatt & Co., and Schroder Investment Management.