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Turkish Bank Moves Digs to 475 Fifth

NEW YORK CITY-Major Turkish Bank T.C. Ziraat Bankasi is relocating and leasing entire 19th floor of recently renovated 475 Fifth Ave.

By Tom Sosnowski | Updated on July 14, 2006

NEW YORK CITY-Turkish bank T.C. Ziraat Bankasi is relocating its New York headquarters to 475 Fifth Avenue. The bank is moving from 330 Madison Ave. and will lease the entire 7,671 sf of the 19th floor.

The 24-story, 250,000 sf boutique tower on the corner of 41st St. across the street from Bryant Park has asking rents in from $49 to $52 per sf.

GVA Williams is the exclusive leasing agent for 475 Fifth Avenue. Harry F. Blair, senior managing director, and Sean Kearns, associate director of GVA Williams, represented the building’s ownership, 475 Fifth Avenue Limited Partnership. Steve B. Strati and Susan Giella of Cushman & Wakefield represented T.C. Ziraat Bankasi in the 10-year lease transaction.

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