NEW YORK CITY-John Gallin & Son Inc., a locally based, family-owned construction firm, has completed a 35,000-sf construction project on the third floor of 417 Fifth Ave. for the National Benefit Funds of the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the US, its Territories and Canada. Meridian Design Associates is the designer for the space.
"We had a specific vision for our National Benefits Funds Center and John Gallin did an impressive job of accommodating it," says Anne Zeisler, executive director of the IATSE National Benefit Funds. "Our facility, with much open space, soaring ceilings and an equipped conference room and training center, was expertly built to our specifications. The design even incorporated green elements into the space." A source close to the deal tells GlobeSt.com that IATSE is uncomfortable discussing monetary aspects of this project, and could not provide further information.
The new facility's green features include ecofloor, a product made from recycled rubber materials; an energy-efficient, calculite compact fluorescent light with low energy consumption; cotton insulation; and spre-fix, a type of spray-on sound absorptive insulation that creates better indoor acoustic quality and thermal control.
MrOfficeSpace.com notes prices lists asking rents per sf at $64 per sf. The owner of the property is 417 Fifth Ave. LLC and the managing agent is Murry Hill Properties/TCN. Other office tenants include Atari Inc., CIBC, Shen, Milson & Wilke, Bonfilio Design and Marvel Enterprises. Retail tenants include Computer Warehouse, Duane Reade Drugs, RJ Sasson and Zales.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.