NEW YORK CITY-QRS Corp has taken an eight-year lease for the entire 19,000-sf third floor of 535 Fifth Ave. The previous tenant, iWon.com, has shifted its operations down to the building's second floor.
Cushman & Wakefield's Adam Rappaport, Owen Hane and Jeff Cohen brokered for QRS. Emmes Asset Management Co.'s David Turino and Richard Coles represented the owner, a division of Emmes Capital. Details of the transaction have not been released, however published asking rents for lower floors of the building range from $46 to $48 per sf.
Emmes purchased the building in 1999. The 255,000-sf property has 35 stories and was built in 1926 from a design by architect H. Craig Severance.
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