News: Brokerage

EVO Real Estate Group arranges three commercial deals in Midtown Manhattan totaling 5,000 s/f

EVO Real Estate Group has brokered three office lease deals on Fifth Avenue in Midtown Manhattan, according to Dana Moskowitz, president of the firm. The transactions totals 5,000 s/f. The three deals - all brokered at least in part, if not solely by EVO's Elliot Klein - encompass: * The entire 2,500 s/f third floor of 381/383 Fifth Avenue, leased by hair-care and beauty company Cadiveu North America Corp for a five-year term. The space will serve as headquarters for the firm's North American operations. David Youngsworth of Redwood Property Group represented the tenant. The aggregate rental for the space is $485,604. * A five-year lease at 276 Fifth Avenue for a 1,396 s/f third-floor suite for Collegiate Church Corp., a not-for-profit organization representing a collective of four like-minded churches throughout the city. The aggregate rental for the space is $272,200. Klein was the sole broker involved in the deal. *A five-year renewal, also at 276 Fifth Avenue, for Dwight Johnson Design, a full-service event production and branding firm. The aggregate rental for the tenant's 1,600-square-foot seventh-floor space is $360,000. Klein was the only broker involved. "Commercial activity remains vibrant on Fifth Avenue in Midtown" said Klein. "With myriad restaurant and hotel options, not to mention major tourist attractions, this is a can't-miss area for growing businesses." The landlords for 276 Fifth Avenue and 381/383 Fifth Avenue are 276 Managers LLC and Eljan Properties, respectively.
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