Klein of Winoker brokers 4,384 s/f lease renewal

Winoker Realty Co. has negotiated a 4,384 s/f lease renewal at 276 Fifth Ave. in Chelsea. Winoker represented the building's owner, 276 Managers LLC. The renewal gives office tenant, The Morgan Group, Inc. the right to occupy its fifth-floor suite for five more years. Elliot Klein, senior VP at Winoker, represented the landlord. "Originally built as the Holland House Hotel in 1891, this property has retained much of its architectural detailing and is a distinct reminder of New York's gilded age," said Klein. "The building also benefits from 21st century amenities and mechanicals. Not only were the elevators and bathrooms recently restored, but the office suites were also upgraded to give users all the modern advantages in a highly elegant setting." According to Klein, the building currently offers 15,000 s/f of vacant office space. He said the space is ideal for a range of smaller office users. Situated on Fifth Ave. along the edge of the Chelsea district, the building's location makes it attractive to a wide spectrum of users. The 11-story, class B office building consists of 199,578 s/f of rentable space.