The Hospital for Special Surgery Sports Medicine Institute inked a deal to add another 18,622 square feet to its recently-opened outpost at the Durst Organization’s Frank 57 West, Commercial Observer has learned.
The hospital added the entire fourth floor to its 21-year lease signed in 2016 at the mixed-use building at 600 West 58th Street between 11th and 12th Avenues, bringing its presence in the property to 84,121 square feet, according to the landlord. Asking rent was $70 per square foot.
HSS currently has the basement through third floors of Frank 57 West, where it opened a sports medicine-focused outpost last month with physician offices, exam rooms, an ambulatory surgery center and a sports rehabilitation and performance facility, according to Durst and HSS. The center’s main campus, which focuses on musculoskeletal conditions, is located on the Upper East Side.
“We are thrilled HSS Sports Medicine Institute has expanded at Frank,” Jonathan “Jody” Durst, the president of the Durst Organization, said in a statement. “Having a renowned facility like HSS as part of the 57 West campus brings best-in-class services to this thriving neighborhood.”
The 10-story Frank 57 West is the smallest of Durst’s three Far West Side buildings that include Via 57 West and Helena 57 West. HSS’ deal brings the entire commercial space in all properties to 100 percent leased, according to the landlord.
“It is also personally thrilling to see the final piece of this development puzzle fall into place,” Durst said in a statement. “With the residential portions of Via, Frank and Helena stabilized and all the office and retail space leased, our vision for the block we acquired 20 years ago is completely realized.”
The Durst Organization was represented in-house by Ashley Mays while HSS’s Steven Westort and Michael Calabrese handled the deal.
“After seeing strong initial success at the newest location of our HSS Sports Medicine Institute, located at Frank 57 West, we’ve had the opportunity to become the sole tenant of the commercial space,” a spokeswoman for HSS said in a statement. “We look forward to expanding our facility to continue to offer comprehensive care to the community.”
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