Feld Realty represented Interbrand in its lease transaction. Grubb & Ellis represented the locally based owner.
130 Fifth Ave. is a 120,000-sf, class A office building located at the corner of Fifth Avenue and 18th Street. Commonly known as one of the Flatiron District's premiere office properties, according to the Olnick Organization, 130 Fifth Ave. is also home to Earl Graves Ltd., publisher of Black Enterprise Magazine.
Cushman & Wakefield, who was not involved in the transaction, tells GlobeSt.com that "average asking rates at end of the second quarter for class A space in the Madison Avenue/Union Square area are $45.14." Among 130 Fifth Ave.'s many amenities is an elegant, marble-filled lobby with concierge service and 24-hours per day access, seven days a week. The building offers full-floor tenant spaces with an efficient, side-core design and state-of-the-art elevator service.
At 301 E. 57th St., public relations firm Ruder Finn Inc. renewed its 81,984-sf lease for floors two through four and expanded with a new lease on the third floor at 245 E. 58th St., for a total of 94,223 sf. The Olnick Organization represented the firm in the renewal negotiations; CB Richard Ellis represented Olnick in the 58th Street lease. Byrnam Wood LLC represented Ruder-Finn.
301 E. 57th St., located on Manhattan's East Side at the corner of 57th Street and Second Avenue, is the retail and office portion of the Excelsior multi-use complex. The complex has over 80,000 sf of office space, a full service athletic club, prestige retail tenants such as Pianeta Legno Inc. and Euro Concepts as well as a 24-hour full-service parking garage.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
