News: Brokerage

Fisher Brothers signs two leases totaling over 40,000 s/f at 1345 Avenue of the Americas

Manhattan, NY Fisher Brothers signed two new leases at 1345 Avenue of the Americas. Canyon Partners, LLC, a $26 billion global alternative investment manager, signed a nearly 22,000 s/f, 11-year lease on the 28th floor. In addition, law firm Ellenoff Grossman & Schole LLP exercised an expansion option for 19,000 s/f, bringing their total footprint to 59,600 s/f. The lease spans 11 years and covers the entire 11th floor and part of the 10th floor.

Marc Packman, head of leasing, and Clark Briffel, senior director of leasing, lead negotiations on behalf of Fisher Brothers with assistance from CBRE brokers Howard Fiddle, Peter Turchin, Gregg Rothkin, Ben Joseph, Bill Iacovelli, and Charles Laginestra. Canyon Partners was represented by Cynthia Wasserberger and Michael Pallas of Jones Lang LaSalle Brokerage Inc. Ellenoff Grossman & Schole was represented by Tim Gibson, Bill Levitsky and John Cilmi Jr. of Newmark. 

“We are excited to welcome Canyon Partners to 1345 Avenue of the Americas and are dedicated to fostering the continued growth of Ellenoff Grossman and Schole’s presence in Manhattan,” said Ken Fisher, partner at Fisher Brothers. “1345 Avenue of the Americas offers best in class amenities that consistently attract a prestigious roster of global firms.” 

With the expansion of Ellenoff Grossman & Scholle and the addition of Canyon Partners, Fisher Brothers adds to a legacy tenant roster at 1345 Avenue of the Americas. Most notably, in 2023, Fisher Brothers signed the year’s largest commercial office lease at 1345 Avenue of the Americas with Paul, Weiss, Rifkind, Wharton & Garrison LLP taking 765,000 s/f.

In 2021, Fisher Brothers and J.P. Morgan completed a $120 million capital improvement project, which included upgrades to the building’s exterior, lobby with upgraded touchless elevators, and a new amenity floor, @Ease 1345. The amenity floor features 5,500 s/f of flexible meeting space, event capacity of up to 440 guests, tenant lounge, wellness center, New York City’s largest indoor terrarium and hybrid meeting spaces, available for use by all tenants. Ease Hospitality offers the latest, modernized technology to host engaging meetings and experiences. A second Ease Hospitality location opened at Fisher Brothers’ 605 Third Ave. in 2022. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their