Feil Organization Renews Lease with REBNY
Lease at 570 Lexington Avenue renewed for more than 10 years
The Real Estate Board of New York (REBNY) has extended its lease at 570 Lexington Avenue for more than 10 years. 570 Lexington Avenue is a 50-story office tower in Midtown Manhattan owned by the Feil Organization. An anchor tenant since 1998, REBNY’s renewal supports the complete gut renovations of the entire second floor and partial concourse level, bringing its space to Class-A standard.
REBNY will occupy 23,031 square feet across the entire second floor and partial concourse level, which includes classrooms and meeting rooms. While renovations are underway, REBNY will temporarily relocate its offices to 733 Third Avenue and will move back in when the renovations are complete in Q3 2023.
Built in 1932, 570 Lexington Avenue is a 450,622-square-foot landmarked skyscraper in Midtown Manhattan with near public transportation and Grand Central Terminal.
REBNY was represented by Lawrence P. Lenzner, Esq. of Patterson Belknap Webb & Tyler LLP in the transaction, and Brian Palumbo and Tom Ruggiero represented the Feil Organization in-house.