News: Brokerage

Jack Resnick & Sons inks four leases totaling 28,970 s/f of office space at 880 Third Ave.

Manhattan, NY Jack Resnick & Sons publicized four lease agreements totaling 28,970 s/f at 880 Third Ave., its 18-story boutique office tower located in the Plaza District.

Resnick welcomes financial institution Private Export Funding Corp. (PEFCO), which signed a 13-year lease for 9,577 s/f across the entire 9th floor. PEFCO relocated to its new space from 675 Third Ave.

Nonprofit Finance Fund will relocate to 8,393 s/f across the entire 12th floor this summer from 5 Hanover Sq. in Lower Manhattan as part of a 12-year lease.

The Permanent Mission of Belize to the United Nations signed a 12-year lease and will relocate from 675 Third Ave. to 4,345 s/f on the 13th floor later this summer.

Resnick agreed to a seven-year lease extension with FHS Risk Management for 6,655 s/f across the entire 14th floor. The insurance consulting firm has been a tenant in the building for over two decades.

Jack Resnick & Sons was represented by an in-house team of Brett Greenberg and Adam Rappaport. PEFCO and the Permanent Mission of Belize to the United Nations was represented by Gordon Ogden and Ava Beganovic of Bradford Allen. Nonprofit Finance Fund was represented by Lindsey Orenstein, Stephen Powers and Sasha Perlov of OPEN Impact Real Estate. FHS Risk Management was represented by Zev Holzman and Jordan Kaliner of Savills.

“We’re pleased to have PEFCO, Nonprofit Finance Fund and the Permanent Mission of Belize make 880 Third their new home, while continuing our long-standing relationship with FHS,” said Jonathan Resnick, president of Jack Resnick & Sons. “These transactions reflect the resurgence of the Third Ave. corridor and the overall strength of the Midtown office market.”

Originally built by Jack Resnick & Sons in 1962 and expanded in 1969, 880 Third Avenue was designed by Architect Herbert Tannenbaum. Located at the corner of 53rd Street, the multi-tiered building includes private outdoor terraces with panoramic views. The building features a double-height stone and glass lobby, new high-performance aluminum curtain-wall system, upgraded HVAC plant and modernized elevator systems and cabs. Other notable office tenants at the tower include Columbia University, Beech Hill Securities and EOS Management. The retail is anchored by TD Bank, Gregorys Coffee and Pret a Manger.

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