News: Brokerage

Dolce & Gabbana signs 21,000 s/f lease for New York headquarters at 551 Fifth Ave.

Manhattan, NY Dolce & Gabbana, an Italian fashion house, has signed a long-term, 21,000 s/f office lease at 551 Fifth Ave. for its New York headquarters, occupying the entire ninth floor. The transaction builds on The Feil Organization’s ongoing repositioning strategy and leasing momentum at the Midtown property, which has seen more than 200,000 s/f of new transactions, including the National Women’s Soccer League’s 21,000 s/f headquarters lease in May of last year.

“Our vision for 551 Fifth Ave. has been focused on creating workspaces that appeal to a broad range of leading companies,” said Andrew Wiener, head of commercial leasing at The Feil Organization. “Welcoming Dolce & Gabbana, following the National Women’s Soccer League, reflects how the building continues to evolve and attract a dynamic mix of tenants looking for a premier Midtown location.”

Located along the Fifth Ave. corridor in Midtown, 551 Fifth Ave. offers tenants access to Grand Central Terminal, with connections to the Long Island Rail Road, Metro-North Railroad and multiple MTA subway lines. The Feil Organization’s ongoing investment in the 430,156 s/f property has positioned 551 Fifth Ave. as a Midtown workspace, offering office space in one of the city’s most sought-after business districts.

The Feil Organization was represented by Wiener, Tim Parlante and Kevin Driscoll. Dolce & Gabbana was represented by Louis D’Avanzo, Owen Koorbusch and John Fitzsimons of Cushman & Wakefield.

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