In a release, Daniel Gohari, VP and director of commercial assets for the the Moinian Group, which owns 530 Fifth, calls Wells Fargo "a tremendous tenant and we value our ongoing association with this prestigious institution." In October, the San Francisco-based bank announced it would acquire Wachovia Corp., based in Charlotte, NC.
Dale F. Schlather of Cushman & Wakefield represented the tenant and Howard Kessler of Newmark Knight Frank represented the Moinian Group in this transaction. Built in 1956, the 26-story 530 Fifth was formerly known as the Bank of New York Building.
The Wells Fargo renewal was one of several new leases and renewals throughout Manhattan that were announced Wednesday by the Moinian Group. Online advertising and lead generation firm Yodel Inc. has signed a new lease for 22,831 square feet at 50 W. 23rd St. Sloane Rhulen of CB Richard Ellis represented the tenant, while Michael Dreizen and Andrew Udis of NKF spoke for the owner.
At 17 Battery Pl., David Evans & Associates, an architectural and engineering firm, relocated and expanded to 7,723 square feet. Mohr Partners represented David Evans; Adam Leshowitz and Jamie Jacobs of NKF represented Moinian.
Other new leases included 6,024 square feet for litigation support company Daegis at 17 Battery, where CBRE represented the tenant and Leshowitz and Jacobs again repped the landlord; and a 2,523 square-foot lease by law firm Furman Kornfield & Brennan at 535/545 Fifth Ave. Ben Shapiro and Andy Sachs of Cushman & Wakefield represented the tenant, while Keith Caggiano and Sinclair Li of CBRE did the talking for the Moinian Group.
Empire Offices, which provides all-inclusive, furnished and equipped New York office space, expanded its location at 115 E. 57th St. to 4,901 square feet. An in-house team including Gohari, John Monaco and Kimia Shadrokh represented the building ownership.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
