News: Brokerage

Columbia Property Trust secures full-floor lease for Harvey at 315 Park Ave. South

Manhattan, NY Columbia Property Trust, Inc. secured a new office lease and two retail leases at 315 Park Ave. South, its 20-story, boutique office building located in Midtown South’s Flatiron District.

Harvey, a generative AI for professional services, opened its first New York office across the entire 17,050 s/f fifth floor of 315 Park Ave. South. 

“At Harvey, we believe that being together in a dedicated space is essential as we continue to build our team and product. We are excited to announce the establishment of our permanent office in NYC’s Flatiron District,” said CEO of Harvey, Winston Weinberg.

Additionally, Columbia secured two retail transactions this past spring. Chipotle founder Steve Ells chose 315 Park Ave. South for his new flagship vegan, robot-run concept, Kernel, while national chain Just Salad signed an additional five-year extension, both with Park Ave. frontage at the base of the tower.

Columbia Property Trust was represented in-house by Maria Blake and Ted Koltis, in addition to a Newmark team of David Falk, Peter Shimkin and Jonathan Fanuzzi in the Harvey transaction. Harvey was represented by JLL’s Todd Stracci and Hugh Scott.

“Attracting cutting-edge brands like Harvey and Kernel is a validation of our efforts to cultivate an environment that fosters innovation and collaboration in the heart of a dynamic neighborhood,” said Columbia Property Trust’s head of real estate, Ted Koltis. “Harvey’s commitment to the building also serves as testament to 315 Park Ave. South as a best-in-class destination for top-tier companies.”

“The quality of the tenant roster, the team, the existing installation, the building and its unmatched location were key motivators driving the tenant’s decision to select 315 Park Ave. South as the home for their New York City office,” said Newmark’s executive managing director, Jonathan Fanuzzi, who facilitated the transaction on behalf of the landlord. “We are proud to have secured this complementary outcome and look forward to seeing Harvey into their new space,” said Newmark’s vice chairman, Peter Shimkin.

The 332,000 s/f tower offers a best-in-class destination in one of Manhattan’s most popular office districts. The tower has continued to attract prominent firms seeking the energy of Midtown South and a premium class A office experience. Its roster of prominent tech and financial tenants includes financial data platform PitchBook and Amazon’s interactive streaming service Twitch. Luxury fitness club Equinox also occupies retail space at the tower.

The century-old building celebrates its classic exterior architecture while boasting modern building systems. Columbia has maintained technology and operating enhancements that emphasize occupant health, wellness, and safety, earning the tower ENERGY STAR, Fitwel, LEED Gold, and WiredScore Platinum certifications. The tower also received the Building Owners & Managers Association (BOMA) of New York’s 2022 Pinnacle Award for Operating Building of the Year.

Located in Midtown South, the building provides exceptional transit access and walkability to Madison Square Park, Gramercy Park, and a wealth of upscale food options, hotels, and shopping.

MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent