News: Brokerage

Fotografiska 100% leases RFR 45,000 s/f 281 Park Avenue

281 Park Ave. South - Manhattan, NY

Manhattan, NY Fotografiska International has leased RFR’s 281 Park Ave. South in its entirety, with plans to establish its first U.S. location in the distinguished landmarked building. The 45,000 s/f Midtown South property, formerly known as the Church Mission House, offers an outstanding array of interior spaces with high ceilings and abundant natural light, set in a unique historic building envelope. 

Fotografiska, founded in Stockholm and well known for solo exhibitions with major international artists and a commitment to social issues through the “Fotografiska for Life” series, is currently expanding to select major cities. The first two international locations are 281 Park Ave. South and the new White Chapel Building in London’s Whitechapel neighborhood. Led by artist and investor Yoram Roth, Fotografiska International is evaluating additional locations in Europe and Asia. 

“We acquired 281 Park Ave. South with the belief that this incredible building required a special tenant,” said Aby Rosen, co-founder and principal of RFR. 

“Fotografiska is a great institution, and I’m very much looking forward to seeing this fine photography museum open its doors here to establish its first U.S. presence.”

RFR, along with an investor group from HQ Capital Real Estate LP, purchased 281 Park Ave. South from the Federation of Protestant Welfare Agencies in 2015. The building enjoys a sought-after Midtown South location on the Southeast corner of Park Ave. South and East 22nd St., adjacent to a subway station.

Geoffrey Newman of Newmark Knight Frank represented Fotografiska International.

MORE FROM Brokerage

Residential real estate consultancy and brokerage firm Nancy Packes, Inc. rebrands as NPI

Manhattan, NY The NYC-based premier residential real estate consultancy and brokerage firm, Nancy Packes Inc., has rebranded as NPI. Helmed by Seth Rosner, most recently the firm’s managing partner and now president, the company has been intricately involved in hundreds of Tri-State new developments and conversions, spearheading the full project life cycle, from assessment/pre-dev.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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.