News: Brokerage

Colliers International completes four leases totaling 40,397 s/f

The Moinian Group and Thor Equities have added four new tenants, totaling over 40,397 s/f, to 245 Fifth Ave., a 26-story, 303,000 s/f, class A trophy office tower near Madison Square Park. "245 Fifth Ave. is the new destination for tech, media, entertainment and creative firms," said Gregg Weiser, Moinian's senior vice president and director of leasing." "Spectacular views, great light, and side core design combined with its exciting location make this a unique find," said Christel Engel, executive managing director with Colliers International, who along with director Whitney Anderson and associate Director Michael Baraldi, led the building's leasing efforts on behalf of ownership. The new tenants, joining the likes of Elite Model Management, Rock Paper Scissors and Documentary Channel, include: * TrustPilot, an online review platform for e-commerce active globally, signed a long-term, 13,627 s/f lease and will occupy the entire 4th floor beginning in the third quarter. TrustPilot was represented by Lidice Mendoza and Doug Rice, of Rice & Associates. * Wednesday NY LLC, a full-service, integrated creative agency, signed a long-term, 8,916 s/f lease for the entire 25th floor. Wednesday NY, represented by Marc and Michael Schoen, and Brian Nuegeboren, of Savitt Partners, is scheduled to occupy its new office in the third quarter. * Anti-Aging America LLC, a skin care product line company and spa, signed a long-term, 13,627 s/f lease, taking the entire 6th floor. Christine Traina, of Douglas Elliman Real Estate, together with Avraham Lasri, represented the tenant. * Families & Work Institute, a nonprofit center dedicated to providing research for living in today's changing workplace, changing family, and changing community, signed a long-term, 4,227 s/f executive office lease for part of the 10th floor to begin in the third quarter. The tenant was represented by Paul Spiegel, of Scopa CRE.
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