[IMGCAP(2)]According to Steven Durels, EVP and director of Leasing and Real Property for SL Green, "following its repositioning, 521 Fifth Ave. has become a magnet for financial services tenants and diversified corporate service providers. Enterprise, which provides private money management service, is just such a tenant. We are delighted to welcome them to our redeveloped property."
[IMGCAP(3)]In December, Durels told GlobeSt.com that asking price today is $72 per sf, versus $45 per sf prior to the repositioning at the 521 Fifth Ave. property. Built in 1929, the 39-story 462,853-sf building's other tenants include Starz Media Inc, a programming production and distribution company; Hiscox Inc., a UK reinsurance firm; and Sextant Search Partners, an executive search firm. Circuit City Stores Inc. is the ground and second floor retail anchor occupying a total of 25,866 sf.
Kevin Wang of KRW Realty Advisors represented Enterprise Asset Management in the transaction. David Turino of SL Green represented the landlord. As of Dec. 31, 2007, SL Green owned 32 New York City office properties totaling approximately 24.7 million sf.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
