Neugeboren, Zelinger and Savitt of Savitt Partners represent ownership in four leases in Midtown at 499 Seventh

Manhattan, NY 499 Seventh Ave., a 25-story, 180,000 s/f boutique tower located in Midtown, continues to be an address for tenants looking for high-quality space. Savitt Partners, the exclusive leasing agent, has played an instrumental role in the transformation of the property into the go-to location for a wide range of corporate tenants. The firm recently arranged four lease transactions at the building. 

Brian Neugeboren, Elliot Zelinger and Bob Savitt of Savitt Partners represented the ownership in all lease negotiations. 

The team arranged a 4,800 s/f office lease for MGAC. Robert Ancona of Kaufman Leasing Co., LLC represented the tenant.

Kimora Lee Simmons (KLS) inked a long-term, 4,800 s/f lease. Oliver Petrovic of Savills-Studley acted on behalf of the fashion designer. 

Paras Designs expanded its showrooms at the property. Paras Designs will relocate its operations from a 3,000 s/f at 525 Seventh Ave., to 4,800 s/f at 499 Seventh. Marc Schoen of Savitt Partners represented Paras Designs. 

International Fashion Group entered into a back end direct extension on its 4,800 s/f lease for an additional three years. 

Located on the southeast corner of Seventh Ave. and West 37th St., 499 Seventh Ave. is a 25-story property designed in 1925 by Joseph Gilbert. The tower stands at the crossroads of the city’s four major transportation hubs - Penn Station, Port Authority, PATH and Grand Central Terminal. 499 Seventh Ave.’s Art Deco design is unique among the prominent edifices lining Seventh Ave. in the Fashion District.