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Ritholtz Wealth Management (RWM) has leased 4,200 square feet of space for entire 15th floor at 24 W. 40th St. a 17-story, boutique office building in Midtown Manhattan. RWM will occupy a pre-built space in the 1925 building with exposed ceilings, concrete floors and glass-fronted offices with views of Bryant Park.

December 18, 2019 Comments Off on RPG Closes Office Condo Sale for Thor Equities Views: 635 Midtown New York, New York News

RPG Closes Office Condo Sale for Thor Equities

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Rudder Property Group (RPG), which specializes in office condominium sales, closed on the sale of a 5,314-square-foot office condominium to Sonic Union at 24 W. 40th St. The audio post-production firm acquired the sixth-floor space from Thor Equities for $6,483,080, or $1,220 per square foot.

Sonic Union—whose client roster includes Coach, Macy’s, Volkswagen, Verizon, American Express, Amazon, Facebook, Johnson & Johnson and others—has occupied the space since January 2018, before deciding to purchase the full-floor office. The asking price was $6.9 million.

“Sonic Union wisely seized the opportunity to purchase the office space it was already leasing—a win-win for a company that executed an extremely high-end build out for its audio post production business,” said Michael Rudder of RPG. “Now, the company is able to retain its space while gaining significant equity for the business long-term.”

Tom Lischak of Bridgeway Commercial Realty represented Sonic Union.

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